$FSR
Added 2023-03-09 12:18:01 +0000 UTCConsolidating since October along the blue support line, which spilts straight through the wedge, eventually a direction will need to be taken. Bounced very well on the wedge trend line on $FSR's guidance of 42k cars produced this year is still on track. And this week, $FSR released more photos of its new Pear vehicle they intend to produce for the masses, an EV around $30k.
Like I've said before, I like a lot of what they are doing, their lean operation getting MAGNA to build their cars, flexible payment options, cheap EV option, beautiful design and their eco friendly cars...also being a US company will help them too but mainly their market cap never ballooned to outrageous levels like $LCID and $RIVN. $FSR market cap has always justified their current position and I like this stability.
I do have a position here and I intend to hold it as long as they continue to hit their targets.
