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I’ve been meaning to make this post for a while, for myself as much as the community here, as a thank you to everyone who contributes here on the daily and for the lurkers… like myself. I’m trying to avoid making this just another TA post. My goal is not to handfeed the community with TA, but to provide thought provoking context with holes so that others can ask questions to further educate and contextualize this asset and its price patterns. I recognized a Wyckoff pattern on the MVIS monthly when I was relatively new to trading back in 2020, I shared it here as well as some other MVIS TA subreddits. Here is the updated chart of the pattern that’s buried somewhere in my post history, those brave enough can go find it, I shared it in December 2020. I’ve found this same pattern (also in my post/comment history) in a 3D printer asset (XONE) back when it was still trading. 3D printing is/was similar to AR/VR, often thought of as an expensive hobby not open to the masses but look how far 3D printers have come now… Those who invested 5-10 years ago and endured the market markdowns and accumulated with conviction benefited the most. They weren’t wrong, they were just early. I believe MVIS is better positioned as we have several verticals positioned well for future growth in AR/VR, LIDAR and Headsup Display/Projectors. This Monthly chart is in logarithmic, often used when charting over long periods of time because it smooths out market/data point inconsistencies. I encourage those interested in the Pattern (I choose not to call it TA) to go and read up on Wyckoff and his interpretations of the pattern. The gist is, the Composite Operator or Market maker drives the supply and demand while accumulating the asset before reaching their target share count and finally allowing the asset to rise in shareprice so they can sell for profit while selling to bagholders near the top. Theres some nuance here (shorting) I’ll leave it to each of you to fill in the rest on your own or comment below. Of note is how short the window of opportunity is to get in before the share price rise. The mark up Phase D here is so narrow before coming back down. The chart below is in regular(non-logarithmic), because its on the Daily you can see the volatility and yet still see the chart stick strictly to the pattern. I did not load up nearly enough in the $2.00 range this go but I have been accumulating, just as the Composite operator/Market Makers have been. Notice the similarities between the Monthly and the Daily charts… The time lines for accumulating are accelerating and patterns are repeating, the difference from 10years to 1.5 year… and I’m guessing (betting) that the timelines will continue to accelerate with the news cycle that all LIDAR producers keep touting that its RFQ season and it’s ready to pop. Note once more how short the window of opportunity is if you’re trying to time the market. The Phase D is extremely narrow, even more narrow than on the monthly, again accelerating… Something, something, liquidity squeeze… Shout out to /u/demhoyas who has been tracking the Institutional holdings for a while now and Institutional ownership has been increasing, if only slightly. That tells be someone is accumulating. Even as MVIS sells shares, which I believe they could be doing at this very moment, the share price has found potential support at $2.50, which means someone is buying at $2.50 and with the news or lack there of currently its great news to us that the share price is finding support here. I’m not the only one that thinks $2.50 is a great price to accumulate. Add in share price is at the bottom of the range support. Share price is at the Fib .886 retrace. Add the potential for PR at any moment. I think reversal or sideways movement around this price is a higher probability than not… MVIS needs one Signal of Strength (SOS), one RFQ to send the share price back to the top of the range. As AV has been saying, if MVIS can report revenue and continually beat projections that is what will help the asset find new supports and continue the mark up in price beyond the top of this range. Until we get an RFQ win, until we start reporting earnings that beat expectations I expect the timeline to extend and shareprice to drop. But when that SOS becomes a reality I think the markup will be extremely fast (as it has been in the past) and many will be left like me asking why they didn’t load up more in the $2.00 range… And also don’t forget SS was accumulating near these prices 7 months ago and he didn’t sell on the recent run-up, thats some conviction, my kind of CEO. Time lines are accelerating. Heres to hoping MVIS really is working Safety at the Speed of Life. *This is not financial advice and do not recommend anyone take any position in MVIS they can not afford to lose. submitted by /u/ForrestBurgundy to r/MVIS |