$FSR
Added 2023-12-08 12:13:36 +0000 UTC$FSR has managed to hold the $1.40 level, as remarkable as $NIO was able to hold above its $7 level.
It bounced very well at the opening yesterday but traders made their quick buck and got out.
I was happy to see that the pull back held a higher low....it is actually holding the 0.78 Fib here on the chart which is not shown and moving well in the PM now today.
We want another bounce today and to stay above the 200 Day MA here on the 5 min chart.
Ultimately we need the price to get back above the yellow trend line above at $1.73 and away from this danger zone at $1.40
Henrick (CEO) has been more vocal on his social media platforms and this is needed, they need to show the market that they are selling and growing, there is no fabrication here, they are performing better than other EV companies in 11 countries now and have a market cap around $550 million....I do not expect it to stay here for long.
Comments
I expect a share purchase by H.Fisker, first he needs to make the statement, then he needs to wait to file a direct purchase. If his statement is true, I expect this.
Rene
2023-12-08 12:21:02 +0000 UTC
