Dec. 25 at 1:54 PM
Actionable Trade Alert for
$FSLR:
Market Context:
$FSLR is currently trading at
$272.21, showing a strong upward trend. The RSI at 57.56 indicates bullish momentum, but not overbought, suggesting room for further gains. The stock is above its 30-day MA of 260.52 and 50-day MA of 255.82, reinforcing a positive directional bias.
Trade Plan:
- Suggested Entry:
$274.00 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$258.00 (below the 30-day MA for protection)
- Take Profit Targets:
1.
$285.00 (5% gain)
2.
$300.00 (9.5% gain)
3.
$320.00 (17.5% gain)
Rationale: The targets are based on the 60-day high of
$285.99 and the potential to reach higher levels given the current bullish sentiment. The ATR of 12.97 suggests enough volatility to achieve these targets within a reasonable timeframe.
Monitor closely and adjust as necessary.
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