MVIS Trade (long)

This is another trade mentioned earlier this week with a limit order at the breakout around $1.36-$1.37. This is a speculative trade. It can be entered and a intraday stop can be used. What is important with these trades is that they close strong with increasing volume as that is usually followed up by a follow through day in which gains can be even greater.

Just make sure your risk management reflects the speculative nature of the trade.