MVIS Trend and Breakout Formation

MVIS Pulling the chart out 6 months, you can see consistent support and resistance points that are paralleled in various channels. Recent positive PR has bumped MVIS in to a higher tier channel. Pulling off historical consolidations over the past 6 months, you can see the where the action line of the pennant formation. This past week, that line became support and resistance, confirming the existence of that line. If everything stays on trend, support and resistance continues to be confirmed, we will see a Bullish breakout at the intersection of the Yellow and Blue lines...if not sooner.