Nov. 21 at 2:40 AM
$FSLR is currently trading at
$245.84, showing a bearish market context with an RSI of 34.52, indicating potential oversold conditions. The price is below both the 30-day moving average (MA30) of 247.75 and the 50-day moving average (MA50) of 236.61, suggesting a downward trend. The 60-day high of 281.55 and low of 187.64 further highlight the volatility and range, with current pricing closer to the upper end of this range.
Directional bias leans bearish due to the RSI and MAs, but a potential bounce could occur if the price stabilizes. Suggested entry is around
$245.00, with a stop loss at
$240.00 to limit risk. Target 1 is set at
$250.00, aligning with the MA30, while Target 2 is at
$255.00, allowing for a retracement towards the recent high.
Monitor price action closely for signs of reversal or continuation.
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