Too many advisers here, who are about as clued up about this as you are. Google Dan Zanger and go to his site. He lists a number of books to read up on. The guy made 29400% during the rally of 98. You can even take tips from him, though if you are fishing for tips, you will never learn how to trade. And don't look for free advice on this board. Like the actress told the bishop on the late Saturday night.... you get what you pay for.
Yes, a chance. If you plan on trading it for a small profit then wait for it to happen and sell for a small profit.
On the other hand if you think there is long term potential then entry point isn't all too critical at these low levels.......I don't see you as an experienced trader.
If you wait for 5 more days, it will be over $6 and you will never get in. With the big volume, some big money players are getting in. MMs will not be able to play the stock anymore. MMs for MVIS are really bad. They hate MVIS.