Weekly Updates
In summary we got rejected from 7.50s as we mentioned last week. Bears were in control and kept strong pressure on the price and made Fisker to trade in very low range around 7.30s.
What we expect next week
We are just on the edge of the Support (red line). Plus we are getting rejected every time we try to close above 7.30 zone... Its been a while now in that range and due for a change in direction.
MM had a chance to do it last Friday but they did not!!
If we manage to clear 7.30 and close above it, then we have 7.80s our next target to 8.30s and second. Otherwise if market dip and FSR could not close above 7.30s then we can test 6.80s again that will make the bulls to jump back for next major leg up. Some Insiders gave the bulls a price indication that shows their interest around 7.30s.
Wish you a nice weekend and keep Holding strong.
In summary we got rejected from 7.50s as we mentioned last week. Bears were in control and kept strong pressure on the price and made Fisker to trade in very low range around 7.30s.
What we expect next week
We are just on the edge of the Support (red line). Plus we are getting rejected every time we try to close above 7.30 zone... Its been a while now in that range and due for a change in direction.
MM had a chance to do it last Friday but they did not!!
If we manage to clear 7.30 and close above it, then we have 7.80s our next target to 8.30s and second. Otherwise if market dip and FSR could not close above 7.30s then we can test 6.80s again that will make the bulls to jump back for next major leg up. Some Insiders gave the bulls a price indication that shows their interest around 7.30s.
Wish you a nice weekend and keep Holding strong.