When FRSX has touched the trend line in the past it has had an explosive bounce. I think the same thing will happen tomorrow! PT of $11.50 for tomorrow.
Looking at the daily chart MACD on FRSX is about to turn green. Was considering selling for profit, but after looking at the MACD i will hold and see how high it goes once the MACD turns green. RSI is also heading up and it appears to be breaking out of the 2nd bullish pennant. Following the flag pole measurement i give this a price target of 15 dollars.
FRSX first broke out of a 2.5 year base resistence @ $2.96 on 22 December last year and began a parabolic move that saw it's price more than tripled in just one month.
Profit taking that began 2 days ago after hitting a hight of 11.22 brought it down to 8.05 today (briefly breaching the 38% fibonacci retracement level) before appearing to find support....
if you want to buy the dip, make sure to buy at 7.00, do not risky to 6.5 (maybe add if it reaches this level).
it is 1 hour chart, so it is just this week's expectation.
this is the dip if it goes high. if it goes don't, it is just gonna keep going down.
make sure to use stop loss, and buy before it breaks out... this is a continuation pattern, and we have...
Today the stock touched the bottom and the top of the range testing both bulls and bears alike. It closed on the green and creating a nice ascending triangle. Trading sideways next week, then to march towards $10.00 and beyond. If the stock breaks the 10.00, 12-13 dollars can be on the horizon.
Consolidated for awhile now, the ichimoku cloud is getting tighter.
Riding along with the EV hype and the proper news/catalyst can send it up soon, IMO.
FRSX is RUN-NING today.
3 MA's all trending upwards now for a bullish sign. I like the 34ema cross above the 200ma.
NO POSITION. Watching after hours for a few shares on dips for one of my small account challenges.
$FRSX
FRSX finally made a move up following the bullish pennant. Great entry point as the MACD is going green, and RSI heading up. Price target of 10 dollars.
based on the technicals FRSX breaks an Elliot wave correction pattern to a major upside and is rare, weird today did not make the volume oscillator have a more positive slope...Entry was missed but interesting.
Pupm&Dump trading strategy idea.
$FRSX is rising without clear preconditions 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 $2,01;
stop-loss — $2,47;
take-profit — $1,55;
Do not view this idea as a recommendation for trading or...
if you really want to scalp for .10-.20c a share you can grab some, but this has never had a green year. its always consolidation or more red. be very careful with stocks like this. put more size into plays like JMIA and other big names and consider penny stocks the same way we consider a "lotto calls" gl! :)
