You know what you know what i i drink, i drink a little bit of rum in my last video because i was pumped ctrm did well and this one we're gon na drink a little bit of rum, because this thing this is not this is. This is not doing what it's supposed to do so bottoms up. What is up, everybody welcome to trace trades. We have technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks.

I, like your purpose 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 medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work hard and invest my money, and i am happy To say that not only am i not 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 or tools that are given to me here in the community and make a couple people better off than they were before, that's all that i can ask for last. If you would not mind drop a like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like this.

Now today we have kind of a lackluster update on ticker symbol. Mvis microvision incorporated i'm a little bit annoyed. I'm a little bit annoyed with this stock. I'm not going to lie.

I want to show you guys something to be completely transparent, as i always try to be. I attempted to lower my overall dollar cost average on this stock, and i was at work this morning and uh. I was looking for an opportunity to sell up for a little bit of profit and then buy back in at a lower cost, because my average cost on this was sitting at about seven dollars and uh 74 or six dollars and 74 cents. And now i'm currently at a dollar cost average of not 705 but actually 766.

I think i'll show you my history. Real quick purchase, accounts, 766, 5. and uh. I was on the phone for an hour with fidelity because i was so confused.

It says my average cost on this is 705 because it's a wash sale and i was so confused. I was like man why? Why does it say that this is a wash sale? So i looked at my closed positions and i purchased some microvision this morning right. I purchased shares at a average cost of 645.1 and it gave me a profit of 555 on that, so i'm assuming this wash per se, is coming from the fact that uh it gave me 555 dollars a profit, so actually, in all reality, i'm down 20 on The stock right now currently trading at 673 uh. So i guess that's what's up with with microvision, it's been a.

It's been a heck of a couple hours here, uh, i think the opportunity's still there. My plan with microvision is to watch for the next run-up, and this stock is so volatile guys. We see this thing go up and down a dollar on any given day, and i am planning on watching for this next run-up that level of resistance and you're likely to see a sell-off, as we have seen here in the past. Ah, i don't know what to do yet.

I don't know what to do yet, we'll see what happens if the opportunity presents itself. My game plan is to take a small amount of profit and then buy back in at a lower cost. That way, i can lower my overall average cost on this, but if the opportunity does not present itself, i'm not going to play with fire, i'm just going to let it be what it is and wait for this run-up, because this is a stock that no matter What i am going to hold for the long term as it is a fantastic company, so with that long, long, freaking intro out of the way we're going to be talking about this, both macroscopically and microscopically. I have three indicators pulled up.

The rsi, which is the relative strength index and then anything over 70, is overbought. Anything under 30 is oversold. I have the 200 ema mixed in with all this other crap. This is the dark blue line, and this is the exponential moving average, which is just a valuation trend line based on 200 days of price action and the 15 day vomit, which is the volume adjusted moving average.

And this is a 15 day. Price action based trend line that is adjusted accordingly to overall volume going into a stock, we'll talk about what these all mean on the day, as well as discuss the overall volume. Current trends, potential entry points exit points. If you don't want to hold this long term, this is a long-term hold to me, but it might not be for everybody else, so we'll just get into all the fun jazz on this, but let's just get into some other stuff, really quick.

I want to give a quick shout out to the guys over the patreon. We are over 400 members strong right now, which is absolutely insane. Thank you guys. So much for the support.

They'll have access to the private discord as well as real-time insight to my personal training and guys. We've got a lot of good stuff in here. We've got spack plays short-term plays, midterm, plays long-term, plays investing assistance, chats and questions, and i do post all of my daily buys in this discord. So, if you're interested there's a link to the patreon in the description box down below now, if you're not familiar with what micro vision is i'll, just do a quick description on the company.

They engage in the development of laser beam scanning technology. It offers its product on the picop brand picop scanning technology has addressing the following market segments. Interactive and non-interactive projected displays 3d perceptive, lidar sensing for consumer electronics, augmented or mixed reality and 3d perceptive lidar sensing for automotive, active collision avoidance, and we are expecting a presentation on their automotive lidar sometime in april, and this is the big big big catalyst that we Are waiting on? We actually have been kind of left in the dark here by by microvision's public relations, team uh, and i am speculating this is because they can't talk a lot about what they're working on right now. But if this is a slam dunk - and this goes through well, this is gon na be an absolutely huge market for for the uh, the autonomous driving scene, to get into so right.

So we've got tesla, which we know does autonomous vehicles, uh neo, xpev, uh, apple, microsoft, they're, both looking to get in the game ford. Any of these companies could potentially buy out or go through a company acquisition of microvision, and if this does happen, shareholders will be paid a hefty uh price per share that they own and do a walk away with a lot of money. Of course, that is just an addition to the company: it's not the reason, i'm in microvision, i believe in the company long term, and i am willing to go through the volatile days because of that. But it is a great bonus, so uh, just a quick run through on the price action for the day today was a red day for sure, but we recovered very nicely.

We were. We were down about 1.16 percent on the day. Volume was extremely low. Nothing nothing crazy here, rsi, we did dip below this 30 mark right here and i did take an opportunity to buy into the stock at that current share price uh at about 6.45 or so and uh i did.

I did sell at about and 72 cents and and uh took. I think it was maybe like a 20 loss or something and then uh repurchased my shares at 676.. It was a mistake of a day and i'll always own up to my mistakes. Uh.

I i that was a that was a trade that i should not have made and if the opportunity presents itself for me to share at a higher price and rebuy back at a lower price, i will gladly do so, but i will not be forcing that kind Of thing again, that's uh, i mean in the grand scheme of things a two cent differencing dollar cost average really doesn't matter, but it's definitely something i didn't need to do. So. Let that be a lesson for you. I always want to be transparent about what i'm doing as a trainer.

That way you can learn from both my mistakes and my successes. I'm never going to hide things from you guys so bearish day volume was extremely low, so we didn't see a lot of volatility. Pretty harsh selloff and market open, which is a two-day continuation trend now - and this has sadly officially entered bearish territory. We do have a cross under here on the 15-day vomit underneath the 200 ema, so we are going to be looking for some sort of trend reversal and in order for that to happen, we're going to be looking for some green volume right uh, a little bit Of a bump and unusual trading volume, which we haven't seen in a little bit of time here, this is probably the most unusual trading volume these three days right here.

Otherwise it's been pretty lackluster right. We need some sort of either public relations or an increase in volume, whether that be just traders that come into the stock right and then they can get in and get out it does. It doesn't really matter at the end of the day, this is going to help pick up the traction and reverse the overall trend on microvision, i'm kind of bummed, i'm kind of bummed, because seven or eight times out of ten when this vomit crosses over the 200 Ema, that is an indicator of an upcoming run and uh. We had what looked like the beginning of an upcoming run, and today it did not happen.

So that's uh i'll always always say to you how it is. We have officially again entered at the very least neutral territory, but more likely it is going to be bearish territory. So that is how we are looking right now. It is very possible.

We continue to see a little bit of a bleed into tomorrow. We are trading at about 6.73 down six cents from the end of the market, so a little bit right in the after hours to continue the bearish run. However, we did recover very nicely. It was a nice steady, slow climb into the closing of the market day.

So that's how that looks right now, we've got the cross under on the 200 ema, with the 15 day, vomit volume is low, oversold territory. I hope you took today as an opportunity to purchase more shares if you do believe in microvision as a company. I do believe in it very very strongly and just out of curiosity, i am going to draw a fibonacci retracement just so we can see the potential ways that this can play out. So from the base of the run-up to the peak of the run-up.

We do see a retracement that lines up pretty well at 6.56, as well as 6.31 cents. We did see a pretty nice bounce off of the 63.8 percent, so this does seem to be an acting level of support, and this was a bottom out here. We did dip below that a little bit you know about five days ago. However, it does seem to be a very solid bottom out.

So if you're looking for a entry point to microvision, it does seem that that uh, that 640 to 650 range, is a great uh buying opportunity for you. That does seem to be the basement currently on the on the stock, which, honestly, if we look back two weeks ago, we were under five dollars at one point, so we're making progress at the end of the day. That's what matters to me. It is nice to see that we are slowly and surely stair-stepping and setting higher lows and higher highs.

Honestly, even though we haven't read the last two days, we are still moving in an upward trajectory in the long term if we change this to a three-month chart. I'd be willing to bet you money, this is still bullish, territory and sure enough. It definitely is. We are still growing as a company there's still good things happening here with microvision, so patience is the key and honestly, if now that i'm looking at this on a grand scale here, this looks very interesting to me.

This looks like the very definition of a cup and handle formation in the making, so if that does play out guys, this could be a very oh. That could be filthy. Actually, that's the first time that i've noticed that, and i've spent a lot of time on these charts. So that's how we're looking right now on the one month chart potential entry point at about six dollars and 40 cents to 50 cents or so the current resistance level sitting at about 739.

So you could very easily swing this as a swing, trade, rinse and repeat, rinse and repeat uh. If i was, if i wasn't so sentimentally attached to microvision, i would do the same, but i do believe in this company long term and i will be holding them for the long term. So that is how that looks currently two day. One minute shower look for some extra confirmations here and uh sure as it gets.

This is currently in bearish territory. We do have the cross under of the 15 vomit underneath the 200 ema, which is the picture perfect uh bearish territory. So the bears are saying. I don't know why it does that that is uh that is bears territory, so this is currently not in control by the bulls.

At this given moment, we do have double confirmation of that, and i wish that i could bs you guys and say this is still looking good, but it's it's very likely. We continue to see a bearish continuation into tomorrow. We are going to be looking for a couple of things to reverse that overall trend. Of course i cannot predict the future, but i do think one thing i can predict is that 640 to 650 is the bottom out on this stock.

So if you are looking for a potential entry point, that does seem like the best place to do it. That is what i have for the video today guys if you enjoyed it, please drop a like. It really does help support the channel and consider subscribing. If you like to see more content like this and lastly, i do have an affiliate link in the description box down below for tubebuddy.

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Peace.