Oh, this stock is filthy now, mbis just needs to do this i'll. Tell you that right now, what is up? Everybody welcome to trace trades. We have technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these. Given stocks, i like your purpose by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt.

The reason i started this channel is because a couple years back, i was about 30 000 deep in some medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work hard and invest my money and i'm happy to Say that not only am i not financially free, but i'm doing pretty well for myself at the age of 23. So if i can pass along any of the information resources or tools that are given to me, make a couple people better off than they were before here in the community. That's all that i can ask for last. If you're not drop a like on the video really does help support the channel and consider subscribing.

If you like to see more content like this now today, we have a update for you on ticker symbol, frsx, four side autonomous holdings ltd. This is a stock that i plan on holding a position in for a very, very long time, and i predict this will run up, not that that takes much of a genius to do this. Uh this stock looks absolutely crazy. I think it's got a lot of upside in a year.

I think at the end of the year. This is easily a 30 stock, if not more uh, and we're going to play this out and show you how you can get into this stock without chasing different strategies. Here, i'm gon na be approaching this as a long-term hold. I don't currently have a position, but i am going to be getting a position after i close out of both ship and bio, i will be taking my funds from ship and doubling down on frsx, as well as ticker, symbol, inuv and nuvo.

As long as the opportunity presents itself and if it doesn't, you know what i'll put all my funds in frsx and i'll be sitting on happy man either way, but we're gon na show you the best entry point on frsx we're gon na look at this. On a one month chart as well as a one day one minute chart, i have three different indicators pulled up the rsi, which is a relative strength index, anything over 70s overbought, anything under 30, oversold, the 200 ema, which is the exponential moving average, and this is A 200 day price action based trend line that gives you a price valuation. Over those 200 days of action, the 15 day vomit the volume adjusted moving average. Some brokerage accounts have different tools, they might call the vwop or the ma it might be slightly different, but it's about the same thing, and this is just a 15 day price action trend line that adjusts accordingly to the overall volume that goes into a stock.

So we'll talk about some different bullish and bearish indicators that we have here on the charts potential entry points exit points, uh we're going to give you the whole nine yards here. So, let's just get right into the video, but first i want to get a quick shout out to the guys over the patreon. Thank you guys so much for the support. We're about 310 members strong right now, uh these guys have access to my personal insight and trading as well as uh.

These awesome discords, we've got a lot of different stocks in here. Spack play short term plays midterm, plays long-term, plays investing assistance, chatting questions bar there's a lot of really good stuff. That's happening here guys. So if you're interested, there is a link to the patreon down in the description box below now, if you're not familiar with what frs x is we'll just read you this off of market watch really quick foresight, autonomous holdings engages in the research and development of vehicular Accident prevention, products, its product is quad site, a multi-spectral vision, solution for detection of obstacles in harsh lighting and weather conditions, and if you look at their website this is you can be thinking of foresight as the company that sells the pickaxes to the miners, and you All know the same right: the the mining companies aren't the ones making the big money.

It's the guy selling the pickaxe. Well, these guys sell the pickaxe. These are huge. This is these.

Are the companies that make companies like uh, neo, xbev tesla, possible the autonomous vehicle sector? The ev sector could not be an autonomous vehicle without these kinds of tools which will eventually be you know, an additional product that are a part of these vehicles. So it helps a new vision for autonomous vehicles and adas. It detects any object on any road lighting and weather condition. They've got core technology, multi-spectral stereo vision, sensing system, their technology, leader field proven, which means it works advanced technology readiness, customizable solution.

I, like this company, almost as much as i like mbis i'll, tell you that right now, i should like it more, but you can tell that my opinion is a little bit biased, based on my position in mbis. I do have quite a few shares of the stock, but i like frsx a lot. I think this is a long-term hold stock. I think you're looking at multiples higher than we're looking at right now for this company and we're just going to give you everything that i'm seeing here.

So currently we have a level of resistance sitting right at that ten dollar mark at ten dollars and eight cents and then a support level uh sitting right around here, the previous level of resistance at about nine dollars and fourteen cents and if you're looking for an Entry point to this: you can play this out a couple different ways. I have a fibonacci retracement drawn up and this is very easy to do. You go into your brokerage account. You click on fibonacci retracement.

You put the base at the bottom of the run-up and the top at the peak of the run-up, and it tells you how much a stock would retrace down on percentages so like 23.6, 38, 50, 61 and from what i'm seeing here based on the price action. We have a couple of different contact points at this 38 retracement mark, so i think the most likely course of action here is you're going to see a retracement. If it happens, it might not if it happens down to seven dollars and 87 cents and you will likely see a bounce. So, if you're looking to get a position in this stock, i'm not guaranteeing you.

This will happen, but it is possible that we will see a sell-off down to 7.87, and that is a perfect entry point if you do not already have a position in frsx. That is what i am myself looking for and if this doesn't happen right, let's say that you know, theoretically speaking, the stock just keeps right grinding keeps it keeps going up right now, it's dropping in the pre-market, but let's just assume the worst uh. What you're going to look for is a period of consolidation where you know that it's not going to rip it's not going to dip it's just taking a day or two, and it's just trading sideways trading neutral. That is a great opportunity to buy into the stock.

If you see a trading neutral, not overbought, we don't want to buy a stock over bot. If you're going to hold it long term right, we don't want to buy a stock over bot, we're looking for either neutral or oversold territory. I beg of you. I beg of you: please don't chase this out of fomo right, let's say, hypothetically, that you missed out on 30 run up today.

I am completely fine with that happening to myself right if this thing runs up to 10 and 50 cents and it just stabilizes for a while, i'm completely fine, mitigating my risk and saying hey. This could have not worked out that way. If i be, if i buy the peak right now at ten dollars, maybe it just bleeds the rest of the day and i'm just i'm just sitting there holding the bag right. I would much rather take a chance and say: hey.

You know what this might come back down to seven dollars and 87 cents i'll buy in then. If i can, if it doesn't, you know it trades sideways at ten dollars i'll buy into ten dollars, because at the end of the day, if i chase and i buy in at 950, what's the bit what's the difference, you know there's really not one. So i really do beg you guys not to chase this play out of fomo. This is gon na be a big player stock for a long long time.

I think frsx is going to be a multiple year hold as long as you're holding companies like neil xpev tesla lee xpev. This is going to be a stock you want to hold as well. I think this is going to be a big player. Honestly, these pickaxe-like companies, these lidar companies, this autonomous holdings company their their their foresight, their quad size system.

This is behind. I don't. I don't know that people really understand that these companies make just as much money, if not more as the ev company is producing the cars. So this is gon na, be a big player and you were gon na, be just fine if you miss out on one day's profit, because a year from now, if you're buying at ten dollars - and this retracement does not happen, you're still going to be at multiples Of whatever you got your investment at so that is my my uh.

My entry point target for frsx look for a retracement to 7.87. If you don't find it it'll likely consolidate in that 10 range or it might shoot up to 10.50 11 trade sideways dip, find that dip get in that trade sideways to get out on that neutral or lower the neutral rsi point you're gon na sit really nice. This is obviously very bullish territory. We have the crops crossover on the 15 day vomit over the 200 ema, which is a very bullish indicator that usually indicates the beginning of a run-up.

The larger the gap between these two indicators, the more bullish a stock, is - and you can see this is nothing but just straight run - run run bull bull. This has been plowing, oh man, our frsx is so filthy. This is so nice to see. I love this.

The volume is absolutely crushing right now. I expect that today is going to be a continuation of this previous trend and up until now, the last three days of trading, it hasn't been doing a lot. It's been trading pretty sideways, and i really love to see this guys that looks so nice rsi has been overbought for about four days now, so i do anticipate. There will eventually be a pullback of some sort uh, and that is what i'm waiting for guys.

I don't want to get into this stock until it starts trading sideways or until the pullback happens, because unless this is the next tesla, it will have a pullback right. There's like three or four stocks in the market that defy all laws of uh ups and downs, valleys and mountains, but i don't think this is gon na just continuously run up so watch for the pullback. I think that is your best bet to get a position in the stock. That is my game plan.

Personally, if you look at the two-day one-minute chart, we do have a small head and shoulders pattern. This is obviously still bullish, but microscopically speaking, we did see a head shoulders pattern in the last trading day and it did continue to bleed after that, so a little bit of bearish action. It was still up on the day, but that is something that i just want to point out to you as a completely unbiased opinion. We are looking at the beginning of a nice bullish, flag formation right here, so we have this nice long pole.

This huge green candle, followed by a period of tightening and squeezing a price action consolidation, and this is typically a confirmation to buyers to get into a stock. So if you're looking to date or swing trade. This watch for a break above that top trend line, and if you do see that, i think it will continue to run. If you see a break below this bottom trend line, you're likely to see a little bit of a drop or retracement, and that is an opportunity for you to also get into the stock as if a stock is oversold, you are very likely to see it become.

Overbought once again, that is the nature of the stock market. Volume is looking good. Pre-Market volume is definitely up from where we've seen in the past and i'm loving everything about the price action on frsx. So that is my game plan with frsx.

I hope that gives you some ideas of how to play this out. I'm not gon na give you a price target, but i do think this has three four five x potential in the near future. I am gon na be holding this long term. Once i establish a position in frsx, i think this is a big player just like mvis.

I do not plan on selling this for a very long time, once i establish a position, and i recommend personally the same, of course do your own due diligence. This is just my opinion, but i think this company is going to be absolutely crazy, so that is what i have for the video today guys if you enjoyed it, please drop a like. It really does help support the channel and consider subscribing if you'd like to see more content like this and lastly, i have an affiliate link in the description box down below for tubebuddy. Now.

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I just appreciate your support by taking the time to watch my videos, so that is what i have for you guys today. Thank you for watching and i'll see you all. Next time, peace.