What is up, everybody welcome to trades trades, where we have technical analysis and different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks, i like the premise by saying that i'm not a financial advisor nor expert so take What i say with a grain of salt, the reason i started this channel is because a couple years back, i was about 30 000 deep in some pretty bad medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to Work really hard and invest my money and i am happy to say that not only am i now financially free, but i'm doing pretty well for myself at the age of 23.. So if i can pass along any of the information resources for tools, so the community here at trace trades make a couple people better off than they were before. That's all a guy can ask for. Lastly, if you wouldn't mind drop a like on the video, it really does help support the channel and consider subscribing if you like, to see more content like this, as i do post videos every day and i do an update on microvision every single day now, uh Just a quick shout out to the guys over the patreon we did have quite a few new people join us today.

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Don't buy whatever crap they're they're. Commenting on all my videos, so we're gon na give you an update on uh, ticker symbol, mvis, microvision incorporated and we're going to be covering a couple different things. We'll talk about the overall volume, the rsi indicator, the relative strength index. Anything over 70 is over bought.

Anything under 30 is oversold, we'll be discussing the 20 day vomit the volume adjusted moving average, which is uh, also known as the v-wap in different uh brokerage accounts. This is just the 20-day average trend line that takes into consideration the overall volume that goes into a stock. We'll talk about the 200 ema, the exponential moving average, which is just a 200-day valuation trend line based on price action over a 200-day moving period. We'll talk about current bullish and bearish patterns that we're seeing on the charts and we'll look at this from a macroscopic and microscopic point of view.

So, if you're not familiar with what microvision is, they engage in the development of laser beam scanning technology? They offer its product under the picop brand picop scanning technology. As addressing the following market segments. Interactive and non-interactive projected displays 3d perceptive lidar sensing for consumer electronics, augmented mixed reality and 3d perceptive lidar sensing for automotive, active collision avoidance they've got a pretty decent following on stock. Twitch 47 000 people down about six percent of message, volume up about a quarter of a percent in sentiment and we did have a red day just barely about point: eight five percent, so another another small red day for the stock.

So um, you know it could have been worse, could have been better. We could have had a green day that would have been nice for sure. We did see some action in the pre-market, so it did seem like it would pan out as a green day, but we did slowly start to bleed a little bit into the regular market hours and just to be transparent. I do have a position in microvision.

I do have uh about 3 100 shares. Oh no, that's not! Microvision 2030 shares at a dollar cost average of 6.75 9. um. I did average down a little bit into this stock.

I was at 678 not too long ago and i purchased some more shares done about 100. Today, 0.85 percent, we had a pretty decent day in the market. I was up about 480 bucks made pretty well off in zone um down a little bit in pte. Still up overall, 21 18 in zone um, so we'll take a look at a couple different things here, the volume you know nothing, nothing crazy about the volume another pretty average day a lot of red bars in here.

So we did have some short sellers that were attacking the stock per usual, as this stock is um very, very uh, often attacked by short sellers um, which does you know, put a little bit of pressure on buyers. Obviously, and that's why you see a little bit of consolidation here today, a little bit of a small loss on the stock um and the rsi indicator we're looking at a pretty neutral day, we did have overbought territory just the hair early in the day, we did Touch that 70 mark and historically speaking, you know we do tend to correct. You know about neutral or a hair below neutral. We don't seem to come down to this 30 indicator unless there's a very harsh movement, in which case we do correct pretty harshly.

So you know another pretty average day on the stock, nothing to write home about by any means. I am very high up on mvis, not just because of the potential buyout rumors that are floating around and i do think that is going to eventually happen when it will happen. It's tough to say, but i do anticipate sometime in the next year um, but i'm just high on nvis, because i think they're extremely undervalued right. So if we look at their their company on uh on market watch here - and we take a look at the overall market cap - they do have a market cap of 863 million dollars and the ivas technology that they currently have being utilized by the the aviation sector Of the army, the contract that they wrote out for that was worth two billion dollars, so the the overall tech that they are using for the army is worth two billion dollars.

So i just don't. I don't see how that quite lines up. I think the upside with this company is extremely high. I think this is going to be a 20 plus dollar stock at the end of the year, even if they're not bought out, especially if their presentation in april goes well with their automotive lidar, and i am very highly anticipating that there will be a run-up once We get closer to that date, so i will update as we get there, but i am i i feel very good about this.

We do have a bullish confirmation with this crossover on the uh vama over the 200 ema. So you can see that right here. I do have that labeled with this green circle. I will move that up just a little bit to make that easier to see.

If it does, let me, oh man, it was a long day at work today, not that that matters to you i uh. I am in the army, as you guys, uh know. If you follow the channel for a while uh it was, it was a long day a lot of stuff to do. I was doing inventory.

I don't like doing inventory. It's not it's not a great time. Um. Some of you have that crossover with the voma over the 200 ema very bullish indicator, and we did come close to coming back down on that, but there is still a gap, so we are still in bullish territory, even though we're right on the day, the overall Trend is still bullish.

We are coming off of this pretty harsh sell-off. It does seem that we found the bottom here. You know in that high four low fives range, so i do anticipate. We are going to keep continuing to see a run-up um and i think once we cross over a couple, different levels of support and resistance.

We're going to be looking at a pretty solid uh, solid run-up on the stock, so we're gon na be watching pretty close for six dollars and sixty cents after we get over six dollars and hold for the day and then beyond that. If we can push up over this next resistance line right around here at about seven dollars and twelve cents, i think the next stop guys is going to be that retest on 9.75. Now, it's tough to say how long that's going to take to happen. I am planning on holding this all the way through 2021.

This is a long-term play for me, but i do anticipate that we will retest that sometime in the next one to two to three weeks, and i think that it's it's uh, it's gon na be a slam dunk if you have any sort of public relations or News catalyst that comes out on this, it is going to be crazy. You will see another repeat of something like this amount of volume and we're going to be watching for that right. If you see any small spike in volume right anything like this right here. That's an indicator that something's coming right so i'll just be watching for that.

A couple days back, we did have some pretty heavy institutional buying. I i presume, based on some very late uh hours market buying, which we definitely do love to see. So i'm very excited about what's happening here with microvision it's you know we did have a red day right, but less than a percent. You definitely can't complain about that and it is setting us up well for what is to come now, if uh, if we draw up, you know a quick channel on the stock, we are trading in a pretty tight window of price action.

Here we are actually trending slightly up in the last three days so, like i said we are in very bullish territory. You know if we draw up this channel right here from the low point to the high point. Slightly up, so you know we are still in bullish territory. If we do break below these trend lines, you know, then we might be entering some more bearish territory.

You'll probably see the vomit cross back over the uh, let's cross under the 200 ema and at that point we'll be looking at a different scenario, a great time to load up. If you do believe in this play long term as i do, but that's currently how we're looking right now on the one month chart so watch for a hold over um, you know i'll drop just a quick level of support where this meets right. Here. On that trend line watch for a hold about 5 and 74 cents, if we do break below that or you know somewhere around this area of 580, you know that might be a different scenario um.

So that's that's kind of the levels you're. Looking for to make sure that we don't enter back into bearish territory now, if we change it to a two-day chart, just take a look at the price action here, i'll change it to a one-minute frequency uh we're looking. You know at some support levels sitting right around. I would argue about here at 5.79, followed by you know this.

I suppose this would be a level of resistance at the current moment, um as we are trading at about 587 right now in the after hours. Uh. No, the support so at 5.86. You know we're gon na be looking at 602 next and then early in the hours.

We did test this uh this overall level right here at about six dollars and 28 cents, and if we do drop a quick trend line, we are slowly tightening down on price action. If we look like this, and then we draw a trend line from the bottom of the price action here at market open tightening up very nicely into a tight consolidation area - and this is usually a bullish indicator - this is a wedge formation and actually we could call This you know a bullish flag, as we do have the flagpole here. So if we want to draw that, i think this is more of a wedge formation. I'm going to call it a wedge, but this is a bullish indicator, even though we were red on the day right.

There is a tightening of price action. However, there is something that did happen towards the end of the day. That, i will note, is bearish just to be completely neutral in stock, even though i have a position we did cross back under with the vama over the 200 ema, so that is bearish territory. If you are looking to get into the stock for a long term hold, you know, you are looking pretty nice sitting here right around five dollars and eighty cents, if you do see a dip below that, that's even better um to load up on the stock.

Uh volume is nothing crazy to write home about pretty standard stuff on the day. Rsi indicator floated in between this uh. You know pretty neutral, pretty neutral zone, except for the beginning of the day in which we did correct down to you know the mid 30s at one point touching about 30, so um a pretty neutral day, nothing, nothing crazy. It was a just a standard day in the market with nvis, so that's kind of where we're sitting right now, and that is my update on the day for micro vision.

So if you enjoyed the video, please drop a like, it really does help support the channel and consider subscribing. If you like to see more content like this, as i do, post micro vision updates every single day, and i will talk about the price action as neutral as i possibly can, even though i have a position in the stock. Lastly, i do have an affiliate link in the description box down below for tubebuddy. Now tubebuddy is an seo optimization website that i personally pay a nine dollar per month membership fee for, and it is highly what i attribute going from 0 to 5.5.

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I just appreciate your support by taking the time to watch my videos, so that is what i have for you today. My friends, thank you all for watching and i'll see you all next time. Peace.