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.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.