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Resistance

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<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>FSR stock price is gaining buyers’ support from the lower levels, and the price surged nearly 7% in the last week.</a> </li> 
 <li> <span>2</span> <a>Fisker’s share price forms an Interesting pattern over the daily chart.</a> </li> 
</ul> 
<p>FSR stock price has slipped from the upper levels after the announcement of its Q2 earnings and investors now need to wait for any directional change. In order to make an upward move on the daily chart, a higher influx of buyers is required. The mixed financial results caused the stock to be volatile as the stock made some ups and downs before falling further. Subsequently, the stock fell nearly 12% in the next week to consolidate near the recent support level.&nbsp;</p> 
<p>Additionally, the price follows a symmetrical triangle pattern and is currently gaining the support of buyers at the lower levels. The price has rebounded from the lower trendline of the symmetrical triangle pattern, which reflects buyers’ presence at the lower levels, and this may hike the price again to test supply at the upper levels.&nbsp;</p> 
<p>FSR stock price was at $5.81 and has gained nearly 7% of its market capitalization during last week’s trading sessions and it may continue in this trend as the price is getting buyers’ support at the lower levels. The trading volume is below average and needs to grow during Tuesday’s session. More buying volume is required to counter the selling pressure and for the price to make some gains this week.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/yyd7iLLbHtnDag3X5ZYCIgzS2HAop6v2P2clrFxWieE3ae4ngfxwvPxiNCTP-1-qIM7wjYzMrnEwx1FJnKBZwAv4ShYbakfb9UNiY3lVpl6j9d4LL3ssT9sFhLr3KfMPGGcvbF7Fv482xUjdLnguaA" alt="FSR Stock Price Prediction: Can Buyers Gain Control This Week?"> 
  <figcaption class="wp-element-caption">
    &nbsp;&nbsp;Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p>FSR&nbsp; stock’s option-chain analysis states that the current implied volatility in the market is 69.18% with a decrease of 0.2% in the last trading session. The option-chain data shows that the stock has major resistance at $8 and $10. The at-the-money strike price has 16,175 open contracts on the put side and 8,044 open contracts on the call side, indicating the dominance of sellers at the current level.&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-bullish-flag-forms-inside-symmetrical-triangle-pattern-strong"><strong>Bullish Flag Forms Inside Symmetrical Triangle Pattern</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/7-KhtnSxQ_FzeqcsGzrG89oV7_LvpMFEv2rDEIVPb4Xv1MlWRBLCsKjpy-bpduS1Ettg30as6nLQmIapOh52IRoFr5S1bYlxpvRtmSZm-LklW20pJ9ReX-OJQIrvP7xC5MHe4dZSgdx4Y4eDLLN4cQ" alt="FSR Stock Price Prediction: Can Buyers Gain Control This Week?"> 
  <figcaption class="wp-element-caption">
    Source: Fisker 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The price bounced back from the lower edge of the triangle pattern and formed a channel inside it. After breaking out of the channel, the price may continue rising to the upper edge of the triangle.</p> 
<p>The analysts advise waiting for a clear trend direction before trading. The price may fluctuate until then, as both buyers and sellers compete for dominance.</p> 
<h3 class="wp-block-heading" id="strong-the-technical-indicators-show-volatility-over-the-daily-chart-strong"><strong>The Technical Indicators Show Volatility Over The Daily Chart</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/LwgR8o07zU7MVQFT-JIDKRhak7iKkmiEv7c5XNGuuSjE7pEP0gPu29rkmJX8keVx7Xec9wF6BzhLU0IpQjN50vVxHW3lrjcn2BMh06nw0rPujfXJLUqNzQd0a-6B3GZ-i-oHbbFPfhyoJ9Ok5NAyJQ" alt="FSR Stock Price Prediction: Can Buyers Gain Control This Week?"> 
  <figcaption class="wp-element-caption">
    Source: Fisker 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily timeframe, we see that the price is trading below the 50 and 200 EMAs, indicating weakness in the short term. The overall Technical Opinion rating including RSI and MACD is signaling a 72% sell with an average short-term outlook on maintaining the current direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>FSR stock price dropped after the release of the Q2 earnings report and is now in a triangle pattern. The price rebounded from the lower edge and may rise to the upper edge. The analysts suggest waiting for a clear trend before trading. The price may be volatile as buyers and sellers fight for control. FSR gained 7% last week and may continue in this trend with buyers’ support. The trading volume is low and needs to increase. More buying volume is needed to overcome selling pressure and make gains this week.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $5.36 and $4.78.</li> 
 <li><strong>Resistance levels:</strong> $6.85 and $7.71.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

FSR Stock Price Prediction: Can Buyers Gain Control This Week?

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Thecoinrepublic.com

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