Was just wanting to update on Fisker for those that are so interested. We appeared to have finished our wave (2), but it's not confirmed yet. It could still make another move down and touch the 0.236 fib line @ $5.36. The 1.0 of our last A-B is $5.26 so it would not surprise me if we dropped down there again. As of now though, price may be starting an impulsive structure up from $5.52. If we have in fact finished wave (2), then I expect we should get some strong movement to the upside very soon. If we dip back down to the 0.236 fib line, I plan on picking up another few hundred more shares to add to my collection.
Standard fibs alone point to this move ending around the $12 mark over the next couple weeks. That is with NO extensions. If you consider how much Tesla & Rivian have rallied, then I would say Fisker has a good chance to extend out even further then the "standard" fib targets.
Don't forget all the negativity surrounding Rivian right before it took off. Whatever the reasons may be, I see Fisker doing the same veery very soon. It will be interesting to see what people claim the catalyst was after the fact.
Bonam Fortunam,
--Tyler
Standard fibs alone point to this move ending around the $12 mark over the next couple weeks. That is with NO extensions. If you consider how much Tesla & Rivian have rallied, then I would say Fisker has a good chance to extend out even further then the "standard" fib targets.
Don't forget all the negativity surrounding Rivian right before it took off. Whatever the reasons may be, I see Fisker doing the same veery very soon. It will be interesting to see what people claim the catalyst was after the fact.
Bonam Fortunam,
--Tyler
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
