When markets are in rally mode, the bulls are in charge. When they are heading lower it’s the bears who are in control. The breaking of a downtrend line shows the leadership may be about to change from the bears to the bulls.

This could be the case with shares of MicroVision, Inc. (NASDAQ:MVIS) stock.

In the middle of June, MVIS was trading around $22 per share. Then it went into a downtrend and found support around the $12.30 level. It's moving higher Thursday, and in doing so, it broke its recent downtrend line.

The bears may be out of gas. The bulls may be taking over.