As @meghanOGTay requested, Iโll analyze MVIS today!
It feels like MVIS is dead: small candles, moving sideways for a long time, low volatilityโฆ
On the other hand, MVIS is oversold, and if we see any good catalyst around, it can fly very high. But I see the 16.65 as the most important support for it. Check this out:
The 16.65 was a top level 3 times, and a support level for a second time. If MVIS loses such an important point, we might just drop to the 14 again.
But if we see a green candle here tomorrow, then Iโll believe it can hit the 24 again! Letโs be careful with this support level for now.
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
It feels like MVIS is dead: small candles, moving sideways for a long time, low volatilityโฆ
On the other hand, MVIS is oversold, and if we see any good catalyst around, it can fly very high. But I see the 16.65 as the most important support for it. Check this out:
The 16.65 was a top level 3 times, and a support level for a second time. If MVIS loses such an important point, we might just drop to the 14 again.
But if we see a green candle here tomorrow, then Iโll believe it can hit the 24 again! Letโs be careful with this support level for now.
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.