Dec. 8 at 10:53 PM
Actionable Trade Alert for
$FSLR:
Market Context:
$FSLR is currently trading at
$255.59, showing a neutral RSI at 51.86, indicating no immediate overbought or oversold conditions. The stock is positioned between its 60D high of
$281.55 and low of
$196.80, suggesting potential for upward movement.
Directional Bias: The stock's price is above the 50-day moving average (MA50) of
$247.09 but below the 30-day moving average (MA30) of
$258.68, indicating a potential bullish reversal if it breaks above the MA30. The ATR of 10.34 suggests moderate volatility, allowing for effective target setting.
Suggested Trade Plan:
- Entry:
$256.00 (above the MA30)
- Stop Loss:
$245.00 (below the MA50)
- Take Profit Targets:
1.
$265.00 (3.9% ROI)
2.
$275.00 (7.6% ROI)
3.
$299.00 (17% ROI)
This plan allows for a strategic entry with a favorable risk-reward ratio. Monitor price action closely.
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