Dec. 15 at 6:09 AM
$FE: Current market context indicates a bearish sentiment with the last close at
$44.26 and an RSI of 26.22, suggesting the stock is oversold. The 30-day moving average (MA30) is at
$45.92 and the 50-day moving average (MA50) is at
$46.24, both indicating resistance above the current price. The 60-day high of
$48.2 and low of
$43.0 further define the trading range.
Directional bias remains cautious; however, a potential reversal could occur given the oversold RSI. Suggested entry is at
$44.50, with a stop loss set at
$43.00 to limit downside risk.
Take Profit Targets:
1. TP1:
$45.50 (2.25% gain)
2. TP2:
$46.00 (3.25% gain)
3. TP3:
$51.50 (16.5% gain)
This plan offers a potential ROI of over 17% on TP3, aligning with the risk-reward strategy. Monitor price action closely around resistance levels.
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