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...
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.
The 12 million loss is nothing to be concerned with. This stock should see new highs in this next coming quarter when we find out who their major Japanese auto manufacturer is revealed! Autonomous driving is a hot sector to have in your portfolio. I got some of this in my 2-5 year folio. I could see this stock going to the $4 range if we break the $6 price on the daily.
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...
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...
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.
Unique technology and competitor of LiDAR. Already strategic partnerships with FLIR Systems Inc., Elbit System Ltd. (high quality standards!) and CORNES Technologies. Could be disruptive in the autonomous technology (level 3 and 4). This company is still in an early stage