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FSR is it ready to breakout from a Descending Triangle
FSR could follow TSLA in a current up trend, especially with general market support.
Fundamentally, the recent earnings report was favorable. GM's report of plans for
a competing vehicle in the low-cost electric Equinox could be fundamentally adverse.
FSR is in a descending triangle with an overall price decrease of $2 so any breakout
could yield an up trend of $ 2 or about 20%. Drawn onto the chart are support and
resistance lines with targets just before the resistance lines are hit.
Fundamentally, the recent earnings report was favorable. GM's report of plans for
a competing vehicle in the low-cost electric Equinox could be fundamentally adverse.
FSR is in a descending triangle with an overall price decrease of $2 so any breakout
could yield an up trend of $ 2 or about 20%. Drawn onto the chart are support and
resistance lines with targets just before the resistance lines are hit.
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