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FSR finally bottomed...?
Liking FSR here for a swing long. Heavy volume has come in the last couple months which often signals a capitulation bottom. This week is closing green on the biggest volume candle since FEB 2021. It's quite extended away from it's moving averages. I'm liking this for a possible 200% or more. My target is a move back to the 50sma on the weekly chart here which would run it right back into heavy resistance. I'll take off 90% there and leave 10% as a runner if it really gets going. Stop out for me is a closing daily candle under $1.35.
Nota
Closed this FSR swing trade today on this daily/weekly close below the lows. Not exactly the greatest market conditions to be longing swings. As much as I want to hold this as it's had heavy volume in this range, this was a swing trade and not a position trade. Can't trust holding stocks like this for a position trade as this thing can eventually get under $1 and then go into reverse split hell...
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.