Fisker (FSR) is a strong play for electric vehiclesUsing 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.
Fsrocean
FSR Fisker Ocean ‘world’s most sustainable vehicle’ 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 about the car. It looks quite impressive in my opinion.
