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FSR

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.
FLong
by Value-Invest
1
FSRAlright, this one’s a little interesting. Here, it seems like we have ourselves a bullish falling wedge pattern, but we actually got a massive rejection on the initial breakout. Since the rejection, it actually hopped back into its original pattern, consolidated for a bit, and then began to break to the downside. Currently, we have a very minuscule green candle which still closed below the pattern. The flow is looking very bearish on both the ask & bid sides, so it looks like we may be seeing a confirmation of a rejection. If this continues down to $12.13, we may see some further pullback. If it breaks $12.13 and continues down, I’ll be placing a short position with a target of ~$9.00. There’s a chance we can see a rejection at the $12.13 line of support and make another try to the upside, as the RSI is closer to the oversold position at 40.80. For me to be bullish in the short-term, I need a break of the $14.92 line of resistance. When looking at the long-term, I need a break of the $19.17 line of resistance, which is a long, long way up.
F
by SmoothJB
3
$FSR Analysis & Key levels$FSR Analysis & Key levels UUUUUGH… I hated analyzing this one because I have OCT 15th 14 calls haha… but I think this is going going down… a bit more… There are the only support levels though so monitor your risk… there’s not a lot holding this up right now… ——— I have WAY too many positions to be able to update on … So I’m just going to start posting the most recent support and key levels… Red = Key levels Green = resistance Blue = trendlines If you’re holding ONLY add at key levels. It is never wise to catch a falling knife without a plan. Have fun, y’all!!
F
by SPYder_QQQueen_Trading
2
ADDED to $FSR NEW Target 19.95 for 27.56%$FSR Target 19.95 for 27.56% Or next add at 24.64 What and INSANE week for FSR. It got SO 🤬 close to target… Just Whoah!!! If you hold FSR let me know how YOUR week was 🤓🤣 Y'all deserve to do some relaxing this weekend!!! ----- — ONLY ADD at support levels & FIB levels… labeled (sometimes 😬) I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
FLong
by SPYder_QQQueen_Trading
ADDED $FSR Target 20.21 for 27.11% $FSR Target 2021 for 27.11% Or Next add at 14.46 I don’t often add in the green zone like that, but since it was such a beautiful dip and we’re finally above that trendline I’m feeling great about it… LET’S GO… ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
FLong
by SPYder_QQQueen_Trading
2
$FSR Target 20.03 for 31.17% $FSR Target 20.03 for 31.17% Next add at 14.46 (support) A solid break above the downward trend-line. lots of bullish indicators. Let's do this... Target is the same as last post ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
FLong
by SPYder_QQQueen_Trading
Added $FSR New Target 20.03 for 31.17% Added $FSR Target 20.03 for 31.17% at the one month low support Or next add level is at 10.51 ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
FLong
by SPYder_QQQueen_Trading
2
$FSR Target 20.61 for 29.14% $FSR Target 20.61 for 29.14% Or double position at 11.31 ALL I CAN SAY IS THAT I'M NOT HAPPY THAT MY ORDER DIDN'T FILL HERE. It happens. — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
FLong
by SPYder_QQQueen_Trading
FSR should launch higher on Russell 3000 inclusionFSR will be included in the Russell 3000 index on June 28th. There has not yet been significant volume indicating that the mutual funds and ETF's that are mandated to track the index have most likely not made their buys yet. When they do make their buys, this should result in a large inflow in a short period of time pushing the price higher. The IWV, an iShares Russel 3000 index ETF, is one example of a fund that will be obligated to add FSR, and to put it in perspective this single fund has $11.6 billion AUM (assets under management) so even a 1% allocation would result in a $116,000,000 inflow. VPVR shows there is not much overhead volume at these price levels meaning it really could rocket higher. FSR also has 12.4% short interest as of 6/15/21 which could make for some covering. FSR recently partnered with MGA, Magna International, Inc which gives them the benefit of Magna's long track record in the auto industry with lots of expertise and existing relationships with suppliers. This legitimizes FSR and its prospects for reaching the mass manufacturing stage.
FLong
by EBITDAtiger
$FSR Target 20.08 for 32.89% $FAR Target 20.08 for 32.89% Or next add level is at 10.14 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
FLong
by SPYder_QQQueen_Trading
9
FSR - Are You Ready? Hi, this is my new update for FSR. Yesterday we got a good news and the stock rallied 18% and then it closed up only +5%, but don't be sad if we look at the last time we got a good news, the same thing happened (Ellipse 1). I expect the shorts are going to cover in next week, because the chart tells us that we have reached the bottom with 3 factors: 1.) A double bottom structure 2.) Double bottom in RSI chart 3.) A double bottom in MACD. So I think we are going to make a beautiful head and shoulders structure in the coming weeks. First we have to break the trendline then the next thing we have to do is to break the resistance $11.80-12.20, then we are ready for $15. So be patient and don't PANIC, good things take time ;)
FLong
by GOAT1375
3
SA Banks & Financials packing their bag for a short trip south Well, everything on the globe is being marked down, and this includes SA banks & financials, despite much improving underlying fundamentals. Prices for all of them are now under their 5EMA which is under their 15EMA. In this weak sentiment environment I'm looking for them to give back another 5% or so before bargain hunters like myself can't resist the risk. JSE:SBK target the R113-R115 area JSE:FSR target R48ish JSE:ABG target R116-R118 JSE:NED who knows and even JSE:CPI looks ready to retrace to the R1450 area. Conversely stated, in the current environment the probability of these counters going up 5% is a LOT lower than them going down 5%. In the background the fundamentals are improving - manufacturing data, bankserv transaction data, etc - so if they do dip nicely that would present a great opportunity to buy, imho. In short, take your profits and fall back :-) Happy trading! UC
JSE:SLMShort
by unclecool787