Dec. 19 at 3:48 PM
Actionable Trade Alert for
$FSLR:
Market Context:
$FSLR is currently trading at
$261.79, positioned between its 60-day high of
$281.55 and low of
$211.01. The RSI at 42.68 indicates a neutral to slightly bearish sentiment, suggesting potential for upward movement if buying pressure increases.
Directional Bias: The price is above the 30-day MA of
$259.96 and the 50-day MA of
$252.17, indicating a bullish trend in the short to medium term. The ATR of 11.28 suggests moderate volatility, allowing for potential price swings.
Trade Plan:
- Suggested Entry:
$261.79
- Stop Loss:
$250.00 (approximately 4.5% below entry)
- Take Profit Targets:
1. Target 1:
$270.00 (3.1% gain)
2. Target 2:
$275.00 (5.0% gain)
3. Target 3:
$307.00 (17.3% gain)
This plan aims for a minimum of 17% ROI on the third target, leveraging current market dynamics.
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