Foresight Autonomous Holdings Ltd. (FRSX) on Focus After Forming Bearish Double Bottom

October 2, 2018 - By Linda Rogers

The chart of Foresight Autonomous Holdings Ltd. (FRSX) shows a double bottom with $2.69 target or 8.00 % below today’s $2.92 share price. The 9 months chart pattern indicates high risk for the $72.55M company. It was reported on Oct, 2 by Finviz.com. If the $2.69 price target is reached, the company will be worth $5.80M less. Double bottoms are rare but powerful chart patterns.

The stock decreased 2.34% or $0.07 during the last trading session, reaching $2.92. About 1,795 shares traded. Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) has declined 49.32% since October 2, 2017 and is downtrending. It has underperformed by 64.94% the S&P500.

Another recent and important Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) news was published by Benzinga.com which published an article titled: “30 Stocks Moving In Wednesday’s Pre-Market Session” on September 12, 2018.

Foresight Autonomous Holdings Ltd., a technology company, designs, develops, and commercializes advanced driver assistance systems for accident prevention. The company has market cap of $72.55 million. The Company’s systems are designed to provide real-time information about the vehicle's surroundings while in motion. It has a 6.95 P/E ratio.

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