Foresight Autonomous Holdings (NASDAQ:FRSX) shares gapped up on Friday amid an announcement from the company.
Foresight Technical Levels To Watch: The short-term, 5-minute chart above shows the gap as the price moved from around $7 to $8.60 premarket Friday. The stock has since sold off some of these gains.
A key level before the gap was near the $7.40 price, as the price was unable to break above this price. This is an area of potential support if the price were to fall to this level.
A couple potential key resistance levels come near the $7.80 level and the $8.60 mark. The $7.80 level was a place where the stock found some support after the gap up, but was unable to hold. There is potential that this level can become a resistance level in the future. Another level to watch is up at $8.60: this level was near the high during premarket trading where the stock was stopped from too much selling pressure. This area could also hold as a potential short-term resistance.
Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
What happened
Shares of
Foresight Autonomous Holdings (NASDAQ:FRSX) spiked as much as 18% Friday morning before paring some of those gains. As of 11:30 a.m. EST today, shares were still 12% higher than Thursday s closing price.
Author Bio
As a Motley Fool Industrial Specialist, I use my marketing and business background in the automotive industry to evaluate major automakers and other large industrial corporations. Follow me on twitter for tweets about stocks, cars, sports, and anything I find amusing.
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What happened
Shares of
Foresight Autonomous Holdings (NASDAQ:FRSX), a designer and developer of sensor systems for the automotive industry, are up 17% Tuesday afternoon after the company received positive patent news from China.
So what
More specifically, Foresight announced it received a notice of allowance from the Chinese Patent Office for its running vehicle alerting system and method, which is technology that helps detect traffic lights and signs. The patent will allow Foresight to use its stereoscopic camera-based object detection capabilities to provide collision alerts through the Eye-Net™ application, in order to reduce the likelihood of a
Shares of
Foresight Autonomous Holdings (NASDAQ:FRSX) were trading higher on Friday. The stock is continuing to draw attention from investors after the company said on Wednesday that it has begun a pilot project with a major global automaker.
As of 10:45 a.m. EST today, Foresight s shares were up about 11.6% from Thursday s closing price.
So what
Foresight is an Israel-based maker of sensor systems for automotive applications, specifically advanced driver-assist systems (ADAS) and prototype autonomous-vehicle programs. The company has two subsidiaries: Foresight Automotive focuses on machine-vision systems for vehicles; the other, Eye-Net Mobile, is working to develop cellular-based V2X (for vehicle-to-everything) connected-car systems.