Is Major Move Coming For Foresight Autonomous Holdings Ltd. (FRSX) After This Bearish Double Bottom Pattern?

September 16, 2018 - By Dolores Ford

The chart of Foresight Autonomous Holdings Ltd. (FRSX) shows a double bottom with $2.81 target or 4.00 % below today’s $2.93 share price. The 9 months chart pattern indicates high risk for the $75.15M company. It was reported on Sep, 16 by Finviz.com. If the $2.81 price target is reached, the company will be worth $3.01 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 1.68% or $0.05 during the last trading session, reaching $2.93. About 3,589 shares traded. Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) has declined 49.32% since September 16, 2017 and is downtrending. It has underperformed by 64.94% the S&P500.

More recent Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) news were published by: Globenewswire.com which released: “NetworkNewsAudio Announces Audio Press Release (APR) on Foresight Autonomous Holdings (NASDAQ: FRSX …” on August 24, 2018. Also Benzinga.com published the news titled: “30 Stocks Moving In Wednesday’s Pre-Market Session” on September 12, 2018. Globenewswire.com‘s news article titled: “NetworkNewsWire Announces Publication on Innovative Technology Advancements Paving the Way for Safety …” with publication date: August 23, 2018 was also an interesting one.

Foresight Autonomous Holdings Ltd., a technology company, designs, develops, and commercializes advanced driver assistance systems for accident prevention. The company has market cap of $75.15 million. The Company’s systems are designed to provide real-time information about the vehicle's surroundings while in motion. It has a 6.98 P/E ratio.

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