Dec. 11 at 11:02 PM
Actionable Trade Alert for
$FSLR:
Market Context:
$FSLR is currently trading at
$268.56, with a strong bullish sentiment reflected in the RSI of 67.53. This indicates the stock is nearing overbought territory but still has room for upward movement. The stock is above its 30-day moving average (MA30) of 260.53 and significantly above the 50-day moving average (MA50) of 249.41, suggesting a strong upward trend.
Directional Bias: The recent price action shows a potential to test the 60-day high of
$281.55, given the current momentum. The high-low range of
$206.93 to
$281.55 provides ample room for profit.
Trade Plan:
- Suggested Entry:
$270.00
- Stop Loss:
$258.00 (approx. 4.7% risk)
- Take Profit Targets:
1.
$275.00 (1.85% gain)
2.
$280.00 (3.52% gain)
3.
$315.00 (17.29% gain)
This plan offers a solid risk-reward ratio with a potential ROI exceeding 17% on the third target.
For more insights, visit https://privateprofiteers.com.
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