Potential gain:40% Reward/Risk:4 Timeframe: 1-4 wks I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! Don't forget to like, comment, and Follow to...
FISKER $FSR broke out of its consolidation triangle above a strong support line around $14.50. If today's candle closes above the resistance line of the triangle, we have started a new rally that can take $FSR to new highs. Note the resistance lines on the way to new highs.
I like the 3 touches around 14.55 Looks like the strongest support we've had since reaching AH Regardless if it holds, I'm confident we'll see new AH by end of Q1
Please note: I'm just sharing my view. its not a recommendation for buying or selling
This is what I meant when I say anticipate your opponent. This chart shows two opposite opportunities. Technically speaking it has a descending triangle which is a bearish pattern. However, as you may notice when price is at $14.50-15.50 range it tends to stall and play around that area. There is better R:R for the long opportunity. For a stock position, waiting...
$FSR Bullish Wedge Forming On The 1 Day 1 Year Chart. Possible further downward momentum prior to the next leg up.
This entry and SL is based on my technical analysis only. Do your research and trade on your own risk!
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.
THE TICKER $FSR IS GOING TO FOLLOW THIS TREND, THIS IS A GOOD TIME TO BUY
Video recap of todays trade and prediction
Support @15.27 @14.83 Resistance @17.44 and 18.14
$FSR Bullish pennant forming. We will likely see an upward breakout this week and held retest the resistance near $18.
My next long hold is HYLN. I was lucky enough to get in on a cost basis of $22/share. I loved HYLN when it was $50’s back when it was still known as SHLL. I’m not quite sure of the reason why there was such a big sell off - I do know that post-merger, SHLL did not have the 180 day lock out period that most SPACs have. I personally believe that HYLN is providing...