Fisker $FSR Squeeze Imminent?199M float, ~30% short interest. Earnings tomorrow. Started position at $0.56 for a potential squeeze. Fisker's electric vehicles are being delivered, yet very mixed press (buggy software issues, etc). Potential de-list and/or split in the future, so caution is definitely warranted.
Fisker
[FSRN] FISKER TO SATURNS MOON - FROM 6 CENTS TO $1.50 - $2.00There is a major short squeeze about to be crippled at $1.50 - $2.00 range after announcements that Fisker raised $3.5 million last month to stay afloat from private investors.
The TESLA engineering genius Henrik Fisker is back with a vengeance.. Legendary car-designer Henrik Fisker is one of those deeply imaginative thinkers. An automotive pioneer and tech innovator. Trust this is the most underrated stock in the market right now.
Potential to make $100,000 from each $1000 invested.
You're welcome, Roaring Puppy out.. OTC:FSRN
Follow for more uproars...
Reference:
Fisker Raises Additional Capital From Existing Investor; Funding Is $3.456 Million; Potential to Increase to $7.5 Million
Fisker also Adds Three New U.S. Dealer Partners, in California and New Jersey; Waives $2,438 D&H Fee in U.S. on MY2023 Extremes and Ultras
FSR- a risky penny stock long trade in the EV space LONGFSR has been mentioned as a bankruptcy candidate. It has been on a super trend down on
reports that it does not have enough cash reserves to meet operating expenses and production
quotas. However, any review of the chart in the past quarter shows that it is capable of
counter trends where it suddenly gains 10 to 20% in market cap in a short period only to give
it back in the aftermath. It is these countertrends that I have traded recently including
late February and the earliest days of March. At present, FSR price is low in the recent
high volume area of the profile and the Trend Strength Index is shows some volatility.
The LuxAlgo predictive regression forecast is for higher price action in the near term.
I will take a long trade here targeting first the trendline resistance of the falling wedge pattern
and then the mean VWAP line if the breakout occurs. The trade is expectant for a 20-25%
return in a few days consistent with a prior breakout. I will set a stop loss below the support
trendline at 0.116 to decrease the risk while raising the stop loss upon reaching the upper
trendline to 0.13. Call options for 4/19 will be entertained striking 0.50/
Fisker's Stock Plunges Amid Bankruptcy ConcernsThe electric vehicle industry has been a hotbed of innovation and competition, but for Fisker ( NYSE:FSR ), the journey has been fraught with challenges. As the company's stock plummeted more than 54% in after-hours trading, investors are left grappling with uncertainty about Fisker's future and its ability to weather the storm.
Reports of Fisker ( NYSE:FSR ) exploring bankruptcy have sent shockwaves through the market, intensifying concerns about the company's financial viability. With the Wall Street Journal revealing that Fisker ( NYSE:FSR ) has hired restructuring advisers, speculation about the company's fate has reached fever pitch.
Fisker's precarious financial situation was underscored in its fourth-quarter earnings report, where the company admitted to "substantial doubt" about its ability to continue operating. Despite efforts to secure additional funding and cut costs through layoffs, the specter of bankruptcy looms large over Fisker ( NYSE:FSR ).
The company's unique business model, which involves outsourcing manufacturing to Magna for its Ocean electric SUV, has raised eyebrows among industry observers. While Magna's track record in vehicle production is well-established, Fisker's heavy reliance on a single model and external manufacturing could pose challenges in the long run.
Moreover, Fisker's recent woes extend beyond financial troubles, as the company grapples with negative publicity surrounding its Ocean model. A scathing review from prominent YouTuber Marques Brownlee, branding the Ocean as "the Worst Car I've Ever Reviewed," has further dented Fisker's reputation and sent its stock plummeting.
With Fisker's ( NYSE:FSR ) stock trading at a fraction of its former value, questions abound about the company's prospects for recovery. Founder Henrik Fisker's previous venture, Fisker ( NYSE:FSR ) Automotive, ended in bankruptcy in 2013, adding a layer of skepticism to the current situation.
Despite these challenges, Fisker ( NYSE:FSR ) remains committed to delivering its Ocean SUV, with plans to ramp up deliveries in the coming year. However, the road ahead is fraught with uncertainty, and Fisker's ability to navigate these turbulent waters remains uncertain.
Fisker's Potential Lifeline: Can Nissan Rescue the EV Maker?Fisker Inc. ( NYSE:FSR ), the embattled electric vehicle (EV) maker, is reportedly in talks with Nissan Motor Co. in a bid to secure a much-needed lifeline amidst liquidity challenges threatening its survival. The discussions come amid a backdrop of mounting pressure on Fisker ( NYSE:FSR ), marked by production issues, technical glitches, and disappointing earnings results.
With the specter of a going-concern warning looming, Fisker CEO Henrik Fisker revealed the company's efforts to secure a capital infusion from a rival carmaker. This latest development underscores the precarious position faced by Fisker and reflects broader challenges within the EV market, characterized by slowing growth and uncertainties surrounding consumer demand.
Nissan's potential investment of up to $400 million in Fisker's truck platform and the production of a planned pickup truck starting in 2026 offers a glimmer of hope for the struggling EV manufacturer. The prospect of collaboration with Nissan has helped to mitigate losses in Fisker's shares, which had plummeted by as much as 48% in early trading.
However, Fisker's ( NYSE:FSR ) current financial woes remain a cause for concern. With reported cash reserves falling short of analyst estimates and doubts cast on its ability to sustain operations without additional funds, the company faces an uphill battle to secure its future.
Despite challenges, Fisker ( NYSE:FSR ) remains optimistic about its prospects, citing approximately $500 million in vehicle and parts inventories and a projection of increased cash generation from current sales. Yet, the discrepancy between sales figures and analyst expectations, coupled with a modest delivery forecast for 2024, underscores the magnitude of the company's struggles.
For Fisker ( NYSE:FSR ), the potential partnership with Nissan represents more than just a financial lifeline—it offers an opportunity for strategic collaboration and operational synergy. However, success hinges on the ability of both companies to navigate challenges and capitalize on shared strengths in the competitive EV landscape.
As negotiations between Fisker ( NYSE:FSR ) and Nissan unfold, stakeholders in the EV industry will be closely monitoring developments, hopeful for a positive outcome that could reshape the trajectory of both companies. Amidst uncertainties, one thing remains clear: the fate of Fisker ( NYSE:FSR ) hangs in the balance, with its survival contingent on securing the support and resources necessary to weather the storm.
FSR finished the week strong LONGFSR on the 15 minute chart in previous price action fell from a triple top on January 30th
and then put in a double bottom Friday morning 2/2 and rose to finish out the day with a strong
engulfing green candle. Nearby above are targets at 0.835, 0. 873 and 0. 915 based on the
Fibonacci levels and also bearish high-volume nodes on the bearish-only volume profile
and the triple top. I see this as a long trade setup which may do well next week if there is
not a correction in the general market. A stop loss of 2% should take that potential loss
low while allowing for an average upside of 8-9% making it overall a modest and safe trade
For even more safety, the trade could be delayed until price gets over the Fib level at 0.84
while at the same time diminishing the upside.
Fisker $FSR : Buying zone for a speculator?Technical Analysis: Buying Zone for a Speculator! No reversal volume yet, and no previous higher levels have been regained...
All my technical analysis is still telling me to wait... however, my slightly 'irrational' emotions are urging me to take a position here and now, haha.
Planning to invest 30% of the desired capital in $FSR... another 40% once we enter the 0.93 zone...
If the price explodes upward, at least I'll already be in position. If the price falls further, I can DCA (Dollar-Cost Average) on the initial 30% already invested here.
I don't like the look of the current chart at all; however, the EV speculative bubble will return, much like the current semiconductor bubble. By 2030, most cars will be clean energy vehicles. By 2035, the first EVs using only recycled cobalt will roll out of Northvolt's factories in Sweden. In short, all of this to say, EVs are the future.
Buying today in NASDAQ:TSLA NYSE:FSR NASDAQ:LCID NASDAQ:RIVN NASDAQ:PSNY is like buying NASDAQ:AAPL NASDAQ:MSFT in 1999. I'm not joking. Don't listen to the skeptics and have confidence.
Shorting Fisker is extremely risy for now,Fisker is down by 50% this year. It is not a bargain but it is a candidate of a short squeeze. Remain in the sidelines.
Stop buying the dip without careful consideration... Stop buying the dip. You won't be rewarded.
It has been exactly 85 days, 58 market opening sessions, that the stock has been continuously plummeting, non-stop, with an 82% decline, without once regaining any previous high.
When I mention levels, I mean a previous peak.
Start buying when one of my levels: short attack or imbalance, is regained.
No need to rush. Billionaires control this market. They are the ones who decide.
Good luck !
$FSR - RSI Bottomed - Bottom of Channel - Ready to POP!!!Cars are being produced and delivered. 550M inventory and 520M cash on hand as of their last Q financial report. 522M marketcap. 2024 will be a big year for Fisker in my opinion. Produced by $MGA. Can't wait for the Alska EV pickup! Own your own trades. Do not take this as any financial advice. I have a long position.
FISKER FSR Cup and Handle Short then LongFSR has formed the cup of the cup and handle pattern and is now starting the
downturn formation of the handle. Price action should continue down to the 50%
retracement of the uptrend of the cup. It should then reverse and trend upward
to twice the height of the cup/ AO /MACD / RSI confirm the downtrend.
I will target this with the $7.50 strike put options expiring 3/10 and then upon
hitting the full retracement close than position and open $8.50 call options
expiring 3/17. Overall, expecting 200-300% realized profit on the trades.
Not at all a surprise but LCID / Lucid has the same pattern and so a similar
idea.
FSR at support? Fisker
Short Term
We look to Buy at 8.06 (stop at 7.61)
We look to buy dips. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Although the anticipated move higher is corrective, it does offer ample risk/reward today. There is scope for mild selling at the open but losses should be limited.
Our profit targets will be 9.42 and 10.51
Resistance: 11.40 / 15.00 / 19.00
Support: 8.00 / 6.00 / 5.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
FSR Uptrending in Ascending ChannelNYSE:FSR
FSR is uptrending on the one-hour chart.
It is in the bottom quarter of the channel
and relative strength is mid-range.
It is at the multisession VWAP after
a small pullback down into the bottom of
the channel and seems to be at
a long entry.
At the last earnings, FSR exceeded analyst's
expectations.
FSR's website and marketing suggest a
bit of a "cult" forming.
The recent legislation and bill in DC
for federal tax credits may serve as
a catalyst for a further price action
All in all, FSR might be worthy of an
upgrade from watch to buy.
Fisker: Sell the Top of the Range Fisker - Short Term - We look to Sell at 13.09 (stop at 14.17)
Preferred trade is to sell into rallies. Previous resistance located at 13.00. The sideways consolidation continued although the market managed to post a significant high at 12.69. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 10.22 and 9.55
Resistance: 13.00 / 15.00 / 19.00
Support: 10.00 / 8.00 / 5.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
FISKER at an important support, ready for another rally?$FSR as it can be seen on the chart is at a support line which if it holds it will increase the chance to start a new rally. The other supporting conditions are oversold MoneyFlow or any momentum oscillator, a divergence between the price and the momentum oscillators for the last few days. If the support line does not hold, we should drop to the $12-$13 area, which has been a very strong support area even when there was heavy selling pressure on small caps particularly SPACs, and unbearably on most of the EV start-ups. So this area would present a very good entry point considering the risk and reward.
Today, $FSR has a 4.65B market cap, which if we compare it to $LCID at 60.78B it is way cheaper. The only big difference is that Lucid has started to put cars on the street while $FSR is set to do so in November 2022. The first Fisker car is a crossover SUV called Ocean, which has a superior design and very competitive pricing revealed by the company in the LA car show back in November. I am expecting a huge run when it happens and most likely when we get closer to the production.
Fundamentally, the company is doing well. Since it is still in its early stages it is considered risky, but given the lowered risk of production execution and having a top-tier design by the CEO himself this company had a lot of potentials for growth. EV stocks are expected to do very well in the coming few years as electrification is increasing exponentially. I am considering $FSR a good potential multi-bagger for the next few years, nevertheless, a lot depends on the execution of course. This is not financial advice, DYODD!
Fisker (FSR) is a strong play for electric vehiclesUsing Aspen Trading Support & Resistance Levels for our analysis, we can see that FSR has bounced at least three times from the support level of 19.01. This level represents a strong support for Fisker.
It is now close to resistance level of 22.17 and a move beyond this level will be a solid move to the upside.
Another tailwind is the higher oil prices and global focus on the green and sustainable energy for electric vehicles.
There is huge upside potential in the long run for this company as we have seen with TSLA.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
FSR Fisker Ocean ‘world’s most sustainable vehicle’ at the LA auto show Henrik Fisker revealed Ocean Sport, 250 miles of range, single-motor front wheel drive, that will start at $37,499, before any state and local incentives
At that price level, no one so far, even Tesla, can match that price in the premium EV landscape.
Bank of America has a 24usd price target for it!
Looking forward to read your opinion about the car. It looks quite impressive in my opinion.
$FSR Break Above $23.60 can take us back to $32+Fisker ($FSR) looks primed to break the $23.60 resistance. If it does, then $32 and above is on the table. Watch for a breakout and a retest. If it hold, let's go long and #bank!
Aspen S/R Levels | Fisker's Beast Mode!NYSE:FSR
It is beginning! Fisker's breakout is now in full motion.
Following our Aspen Dynamic S/R Levels, traders were offered 18.72/17.90 as robust support levels.
Our conservative target during this breakout is set to 25.30$ per share.
FSR - Chart UpdateSee chart and follow the count. Minor W3 can always extend higher but these are the extension levels I am looking for with a PT of $30 in the midterm. Would not want to see a daily candle close below $15.80.
FSR Struggling to break $14.50 supportFIsker is one of my favorite EV companies as its one of the rare US EV companies with a firm plan for mass manufacturing. Outsourcing their manufacturing allows FSR to operate an "asset-lite" business model which enables cost savings that are passed onto customers in the form of highly competitive pricing, which will help secure robust sales as global EV adoption continues to accelerate. Trading at just 2x projected 2023 revenue I think now is a good time to add to FSR.
Fisker-Reverse Head and Shoulder, bullish trend repeating againForming reverse head and shoulder
followed by
forming again reverse head and shoulder with bullish trend with consolidation.
Anticipated news is helping to form this chart. remember the market factors is unpredictable so always keep money for dollar cost averaging.
my price target is 32 dollars till 2021 December.
this is not a financial advice. it is just the idea.
I am using my 10 years of expertise of education and stock trading to form this chart. Good Luck.
Please Like the idea if you agree...So others can also know about your thoughts...
