Earnings after the close today after taking a very big hit last week for delaying their report by a few days.....the price came down and I could not ignore the opportunity, considering I have been holding this already for a number of years, I decided to add.
$FSR is very close to its descending wedge apex here, it is quite large and has been in place since late 2020.....it appears that the market has been waiting this time for $FSR to produce and deliver their cars and so have I.
A breakout of this wedge will confirm signs of a reversal but there is still a lot of work to do.....I am constantly looking for 10 X potential stocks and with their Market Cap here at $1.3 Billion, is it possible that $FSR can get to $13 Billion market cap within a few years.....I think that is very achievable and that is why I have been adding.
For now, getting above $6.40 is the aim for us.