Using Aspen Trading Support & Resistance Levels for our analysis, we can see that FSR has bounced at least three times from the support level of 19.01. This level represents a strong support for Fisker.
It is now close to resistance level of 22.17 and a move beyond this level will be a solid move to the upside.
Another tailwind is the higher oil prices and global focus on the green and sustainable energy for electric vehicles.
There is huge upside potential in the long run for this company as we have seen with TSLA.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.