Don't even think about buying FSR until $1.00

١٠ يناير ٢٠٢٤

See the chart. From lows to highs, using FIB 1.618 taget and trendlines...

١٠ يناير ٢٠٢٤

ملاحظة

Could it break out of the trend, prior? Sure. is this stock burning down? Yes. $1.94 > $1.00 says yes.

١١ يناير ٢٠٢٤

ملاحظة

Gone long at $1.00. See potential upside targets. stop at .94

١١ يناير ٢٠٢٤

ملاحظة

another view is we could build a cup and handle...

١٧ يناير ٢٠٢٤

ملاحظة

A big downgrade, this morning. Here's my updated chart.

٢٣ يناير ٢٠٢٤

ملاحظة

Here's an important update. As you know, we blew past the 1.618 extension down, and past the purple lower trendline. But we quickly recovered and now have found support on that trendline. I see this sometimes in strong downtrends and have discovered that the often unused -2.0 fib level aligned perfectly. Something to keep note of and apply to future high-momentum downward moves. Here is the updated chart.

٢٣ يناير ٢٠٢٤

ملاحظة

FSR riding the purple trendline. This has to hold if you're bullish... HIGHLIGHT in YELLOW.