FirstEnergy (FE) is displaying a cup & handle formation on the daily chart, with resistance sitting at the $44.90–45.00 zone. Price is consolidating right below this neckline, preparing for a potential breakout.
A breakout above this level could unlock significant upside momentum with measured move targets aligning higher.
🔑 Trade Plan:
Entry Trigger: Daily close above $45.00 (cup & handle breakout).
Profit Targets:
Target 1: $46.50 (+3%)
Target 2: $49.50 (+13%)
Extended Target: $51.00+ (if momentum continues).
Stop-Loss: Below $43.50 (to avoid false breakout risk).
📊 FE has been building a strong bullish base. If resistance breaks, the setup favors continuation toward new highs. But rejection at $45 could mean extended consolidation before another attempt.
Not financial advice. No responsibility for any actions taken.
A breakout above this level could unlock significant upside momentum with measured move targets aligning higher.
🔑 Trade Plan:
Entry Trigger: Daily close above $45.00 (cup & handle breakout).
Profit Targets:
Target 1: $46.50 (+3%)
Target 2: $49.50 (+13%)
Extended Target: $51.00+ (if momentum continues).
Stop-Loss: Below $43.50 (to avoid false breakout risk).
📊 FE has been building a strong bullish base. If resistance breaks, the setup favors continuation toward new highs. But rejection at $45 could mean extended consolidation before another attempt.
Not financial advice. No responsibility for any actions taken.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.