FSR finally bottomed...?

29 Des 2023

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.

5 Jan

Catatan

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...