$FSR
Added 2023-08-01 20:53:50 +0000 UTCOn a stubborn red day across the markets today, $FSR was a glimmer of hope.
We have been watching this closely and have been impressed with $FSR first holding at the 0.618 Fib at $5.72, we then wanted to see $FSR get above the 50 Day MA at $6, this was no issue and we also wanted to see $FSR get above $6.41 and so far it is doing that and there has been more positive movement in AH's trading.
I have uploaded the daily chart here to show you how important this blue line is at $6.41.
We can see from going back as far as October 2022 that this line has been initially a strong support line until March 2023 and then flipped to a resistance line since then.
Flipping this back to a support line is an important statement and puts this in the hands of the bulls again.
I feel that a hold above the 200 Day MA, which is just above at $6.65 will confirm that the price is staying above the blue line and this is into the Bull case.
So confirmation of holding above the 200 Day MA is a buy signal for us again.
