The Long Investor

$FSR

Added 2023-09-29 15:18:56 +0000 UTC

$FSR has been having a good week and recovered extremely well after testing the ascending triangle support line this week and above the 200 Day MA here too.

We know the important line is the blue line at $6.41.....it has been the vital resistance/support line that needs to be flipped for this to turn bullish.

The price is just there now so we know that a test is not enough, we need to see it hold as support.

Structure is still in place and has the potential to follow the impulse wave up once it holds above $6.41.

$FSR received $150 million today with access to a further $550 million if needed which I am sure will be needed at a later stage.

Early EV growth companies need cash and need a lot of it but their income is large too, this has happened with every EV company, $TSLA, $NIO, $LCID etc....once it is used for growth and to expand, this is welcoming.