Nov. 15 at 10:30 PM
$FSLR: The last close at
$253.08 indicates a stable position within the recent trading range. The RSI at 52.41 suggests a neutral sentiment, indicating potential for upward movement without being overbought. The MA30 at
$245.07 and MA50 at
$232.81 show a bullish trend as the price is above these moving averages, providing support levels.
Given the 60D high of
$281.55 and low of
$187.64, the current price is closer to the high, indicating potential resistance ahead.
Suggested trade plan:
- Entry:
$255.00 (slightly above current close to confirm upward momentum)
- Stop:
$240.00 (below MA30 for risk management)
- Target 1:
$270.00 (near the high end of the range)
- Target 2:
$275.00 (psychological resistance level)
Monitor for any changes in market conditions that could impact this analysis.
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