A few volatile days for $FSR and what a appears a very nasty Stop Loss raid just under $1.40 yesterday....it only went down to $1.35, so it was less than 5%......nobody should be setting stop losses less than 5% so I hope many did not get caught here....that being said, it has recovered nicely and there is always a possibility to get back in, especially if we get a breakout of this channel at $1.60.
The next level to watch will be $1.70, which will mean the price is back into the much larger wedge.
The price is holding above the 50 Day MA here but I want to see more.
Above $1.70 might entice me to buy more once it holds.
Steven
2023-12-14 17:51:55 +0000 UTC