$MVIS can rise in the next daysContextual immersion trading strategy idea.
MicroVision, Inc. develops PicoP scanning technology to create a high-resolution miniature projection and three-dimensional sensing and image capture solutions in the United States and Asia.
The share price rose after the company had reported Q2 sales of $587.00 thousand. Earnings fell to a loss of $2.30 million, resulting in a 57.3% decrease from last quarter. In Q1, Microvision brought in $1.47 million in sales but lost $5.38 million in earnings.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $2,61;
stop-loss — $2,31.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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