FSR 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.
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.
Trade active:
FSR dropped lockstep with the general market. Buying additional at bottom of 0.75.
Trade closed: target reached:
Sold options at share price of 0.82 Price in a horizontal parallel channel now. Put options striking 0.50 for March 16th now taken. Expect a possible " long squeens" to
add to the volatility and downfall.
add to the volatility and downfall.
Trade active:
Puts closed for profit and going the other way alerts are helping to know the reversals
Comment:
Horizontal channel will at some point build accumulation for a test of one line or the other. Patient for that and a retest before trying to trade the break.
Trade active:
Day trading scalp chart linked here
Trade active:
FSR is getting some volume today; Arrival one of the minor league EV Stocks filed for bankruptcy.