Foresight Autonomous recently signed a big deal to provide autonomous vehicle technology to a major Chinese auto company. It ran up quite a bit Thursday, and the price action today looks encouraging for a continuation. We've mostly held above 2.30 support, with lows around the 2.26 support level. The late-day drop to 2.09 support offers a good buying opportunity. We should see a rally during power hour. To continue its run, FSRX needs to close above about 1.76 today, 2.16 Monday, and 2.56 Tuesday. I'm hoping to see 3.74 and maybe even 4.10 next week.
Note
Unpleasantly surprised how this is performing late in the day. I'm holding for now, with high-risk SL at 1.73. That will move up to 1.78 first thing Monday morning.Note
Rough day in this one. We ended within the channel, however, and after hours movement looks good for retracement tomorrow.Note
By which I mean Monday.Note
Ah, pennies. I shouldn't be playing these things. Fortunately I didn't take a huge position. After hours movement has reversed downward in a big way. Here's a scenario for possible trendline support after a channel breach.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.