Long
$FSR Huge C&H Breakout
I have been following FSR for a minute but sadly missed the recent run again! But as I look back on the daily timeframe I noticed it formed a huge C&H and had a textbook breakout! I am not gonna miss the boat next time. I'm looking for re-entry at $20-22 range on correction wave (4). The recent run-up was from a combination of good ER/guideance and the serendipitous $40 PT upgrade from Morgan stanley that same day. Looking at FSR at a macro view from these past 2 weeks, they showed very strong relative strength as they maintained support at $15 levels and even made ATH's in this overall weak and volatile market. IMO FSR is still at a buying level right now for the longterm. This is an easy $100 stock within 5 years.
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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.