I was watching this breakout very close when it happened a clear Effort to rise success where we see smart money bought in to this Autonomous technology company. This is a main competitor of ARGO AI who is the provider of autonomous technology for Volkswagen. My target buy was $1.54 and today with the Nasdaq crash we have come into the buy zone. Buy Zone is $1.54-$.92
It seems like there is a cycle of around 12 months with a margin of error of 1 month when there is the beginning or end of a major move. We are resting on the diagonal dotted white line as well as the bull flag support. We are currently trending down with the bullflag resistance, but one this breaks out it will go out hard. The way I drew the bottom curve was...
Hidden bullish divergence on the weekly RSI and bullish divergence on the MACD as we backtest a critical zone here. It looks like we are trying to double bottom as well.
Small bullish gartley on the daily with hidden bullish divergence and a complex m wave in the RSI strengthens the argument on the Daily and 4hr
Pupm&Dump trading strategy idea.
$FRSX is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $3,97;
stop-loss — $4,15;
take-profit — $3,63.
Do not view this idea as a recommendation for trading or investing. It is...
Analysis based on divergence of Daily and 4 Hour time frame divergence, along with trend line breaks. Trend line was drawn on 4 hour, once broken and closed above, that would mark the entry. Price should continue upward to at least $6.36, based on fibonacci retracement.
This is posted only as an idea, and for feedback. I am no professional.
IMO those 2 charts are pretty similar.
IF MA 50 weekly DOES NOT hold, we will also leave behind the channel.
so, if it does goes lower below green channel, I would suggest to stay OUT OF THIS.
otherwise, we MIGHT be buying the dip.
have fun and risk only what u can lose
PLS ALWAYS USE STOP LOSS.
Daily chart on FRSX is looking okay. Today i am seeing green on my portfolio for the first time in weeks. Look at how this stock went up with those 2 bullish flags, and how it slowly went down in the past few weeks. RSI is starting to head up while the MACD is in the red but wants to turn green. Hoping that we have found the bottom i can see this go back up to...
2 Catalysts drove the price higher:
1. Foresight: Rail Vision Enters Electrically Powered Light Rail Vehicle Multi-Billion Dollar Market with Order from Knorr-Bremse.
Rail Vision will supply two light rail vehicle system samples and will begin the system industrialization project for a total of 400,000 Euro
Knorr-Bremse, a $17-billion European-based group,...
I have to be long. FRSX is following the bullish channel so far. Hoping to move up and break upwards afterwards. I expect at least 100% profit.
It's not a trading advice.
It's only my opinion.
Guys, I see this stock on a consolidation pattern. I was expecting to see $14.00 on my trade, I got stopped out yesterday and I took my profits. Nothing wrong with that. I do still believe in a 20% to 30% upside based on my analysis.
Disclosure: This is not advice to sell or buy any security. My opinions are for entertainment purposes only, and I just enjoy...
FRSX is a small $700M market cap company in the autonomous driving space. MVIS is currently ripping after hours and may bring some attention to the industry. FRSX is seeing some volume surges lately and looks poised for a breakout to new all-time highs. I put a small starter position on after hours because this could easily gap up tomorrow morning. Will want to...
