Long
$FSR New Bottom Identified!
FSR completed a Piercing Pattern on 11May and appears to have identified a new bottom. The next seven days after that pattern, no candles have closed below the piercing pattern's opening low, so it appears to be a solid bottom. It ran into resistance at $12 and appears that it will close there today as well. If the next couple days confirm that as a support, it should go and test $15 at the next major resistance level (previous support) which would give a gain of 21% over the next week or two. There's a minor resistance level at $13.50 so it may stall there for a bit or just blow right through it.
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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.