Foresight Autonomous potential day trade
Updated
Foresight Autonomous recently signed a big deal to provide autonomous vehicle technology to a major Chinese auto company. It ran up quite a bit Thursday, and the price action today looks encouraging for a continuation. We've mostly held above 2.30 support, with lows around the 2.26 support level. The late-day drop to 2.09 support offers a good buying opportunity. We should see a rally during power hour. To continue its run, FSRX needs to close above about 1.76 today, 2.16 Monday, and 2.56 Tuesday. I'm hoping to see 3.74 and maybe even 4.10 next week.
Comment
Unpleasantly surprised how this is performing late in the day. I'm holding for now, with high-risk SL at 1.73. That will move up to 1.78 first thing Monday morning.Comment
Rough day in this one. We ended within the channel, however, and after hours movement looks good for retracement tomorrow.Comment
By which I mean Monday.Comment
Ah, pennies. I shouldn't be playing these things. Fortunately I didn't take a huge position. After hours movement has reversed downward in a big way. Here's a scenario for possible trendline support after a channel breach.
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