Don't even think about buying FSR until $1.00

Diupdate
See the chart. From lows to highs, using FIB 1.618 taget and trendlines...
Catatan
Could it break out of the trend, prior? Sure. is this stock burning down? Yes. $1.94 > $1.00 says yes.
Catatan
Gone long at $1.00. See potential upside targets. stop at .94

cuplikan
Catatan
another view is we could build a cup and handle... cuplikan
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A big downgrade, this morning. Here's my updated chart. cuplikan
Catatan
Here's an important update. As you know, we blew past the 1.618 extension down, and past the purple lower trendline. But we quickly recovered and now have found support on that trendline. I see this sometimes in strong downtrends and have discovered that the often unused -2.0 fib level aligned perfectly. Something to keep note of and apply to future high-momentum downward moves. Here is the updated chart. cuplikan
Catatan
FSR riding the purple trendline. This has to hold if you're bullish... HIGHLIGHT in YELLOW. cuplikan
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