The electric vehicle industry has been a hotbed of innovation and competition, but for Fisker ( NYSE:FSR ), the journey has been fraught with challenges. As the company's stock plummeted more than 54% in after-hours trading, investors are left grappling with uncertainty about Fisker's future and its ability to weather the storm.
Reports of Fisker ( NYSE:FSR )...
199M float, ~30% short interest. Earnings tomorrow. Started position at $0.56 for a potential squeeze. Fisker's electric vehicles are being delivered, yet very mixed press (buggy software issues, etc). Potential de-list and/or split in the future, so caution is definitely warranted.
Fisker Inc. (NYSE: NYSE:FSR ), a company that has shown remarkable resilience and positive momentum in the face of challenging market conditions. Despite a turbulent year that saw a significant decline in stock value, recent developments and impressive 2023 delivery figures suggest that Fisker is on a path to recovery and growth.
Breaking the Falling...
Fisker
Short Term
We look to Buy at 8.06 (stop at 7.61)
We look to buy dips. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Although the anticipated move higher is corrective, it does offer ample risk/reward today. There is scope for mild selling at the open but losses should be limited.
Our profit...
Fisker - Short Term - We look to Sell at 13.09 (stop at 14.17)
Preferred trade is to sell into rallies. Previous resistance located at 13.00. The sideways consolidation continued although the market managed to post a significant high at 12.69. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 10.22 and 9.55
...
$FSR as it can be seen on the chart is at a support line which if it holds it will increase the chance to start a new rally. The other supporting conditions are oversold MoneyFlow or any momentum oscillator, a divergence between the price and the momentum oscillators for the last few days. If the support line does not hold, we should drop to the $12-$13 area,...
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...
at the LA auto show Henrik Fisker revealed Ocean Sport, 250 miles of range, single-motor front wheel drive, that will start at $37,499, before any state and local incentives
At that price level, no one so far, even Tesla, can match that price in the premium EV landscape.
Bank of America has a 24usd price target for it!
Looking forward to read your opinion...
FIsker is one of my favorite EV companies as its one of the rare US EV companies with a firm plan for mass manufacturing. Outsourcing their manufacturing allows FSR to operate an "asset-lite" business model which enables cost savings that are passed onto customers in the form of highly competitive pricing, which will help secure robust sales as global EV adoption...
Forming reverse head and shoulder
followed by
forming again reverse head and shoulder with bullish trend with consolidation.
Anticipated news is helping to form this chart. remember the market factors is unpredictable so always keep money for dollar cost averaging.
my price target is 32 dollars till 2021 December.
this is not a financial advice. it is just...
Hi, this is my new update for FSR. Yesterday we got a good news and the stock rallied 18% and then it closed up only +5%, but don't be sad if we look at the last time we got a good news, the same thing happened (Ellipse 1). I expect the shorts are going to cover in next week, because the chart tells us that we have reached the bottom with 3 factors: 1.) A double...
Hi, this is my new update for Fisker. From 2.Mars until now, FSR has fallen over 60% and I think we have reached the bottom. We have now tested the support level around $10.30-10.50, the RSI is under 30 and that means FSR is oversold and that is a good sign and now the RSI is getting ready to test the support 24, once we test it then we are going to make a double...
Thoughts on this analysis. Looking at support and resistance zones, this analysis is a forecast if the bearish trend continues. Any thoughts, suggestions, or constructive criticisms are appreciated as this is my first analysis.
$FSR Goldman can sack it, they released a sell rating this morning to 10 citing overcrowding and unrealistic Q4 Targets. This is flat out wrong. Hoping to a see this gap filled in spite of them as there are more buy ratings than sell. Most in the $30s and $40s.
On December 02, 2020 Fisker retraced down exactly as expected nearly to the penny! On December 04, 2020 $FSR confirmed reversal uptrend and is now on a bullish uptrend in new trend channel.
