is $20 the bottom for $VUZI?
There might be a possible continuation of this upwards trend on VUZI. Broke out of the bear flag and found support at $20. It could hit $25.
4HR 200SMA is also support, but we will soon test 20 & 50 SMA for resistances. Also a potential MACD cross over on the 4hr. Lower time frames have already broken out.
If the short term momentum carries on, we'll see a strong reversal out of the bearish trend we've seen for the past few weeks.
Calls or selling CSPs seem good. IV is expensive, but it can run up more. Don't know about any catalysts so watch out if you decide to play this. Better play than MVIS imo
4HR 200SMA is also support, but we will soon test 20 & 50 SMA for resistances. Also a potential MACD cross over on the 4hr. Lower time frames have already broken out.
If the short term momentum carries on, we'll see a strong reversal out of the bearish trend we've seen for the past few weeks.
Calls or selling CSPs seem good. IV is expensive, but it can run up more. Don't know about any catalysts so watch out if you decide to play this. Better play than MVIS imo
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