$FSR green in a sea of red right now in the PM.
Wave 2 bounced exactly at the 0.5 Fib and the 50 Day MA on the daily chart, it was a short Wave 2 and on the daily it is not clear at all that there is 3 waves present here, so if the price action can go above the previous high at $7.23, then we can assume that Wave 2 is in and we are into Wave 3 now.
Ideally then we'd like to see a retest then of the 200 Day MA at $6.70 and if it can find support, we then have our confirmation of Wave 3, confirmation of the Bull Case and we have our buy signal.
So $FSR is in a good position here
makis
2023-07-20 19:24:32 +0000 UTC