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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.