FirstEnergy rare investment opportunity!FirstEnergy, monthly timeframe: Support level + 2 Spinning Tops + Nearly oversold + Side of Bollinger bands + Nice discount
FE trade ideas
Ruthless Short Attack Returning PPS to 0.618 Fib Support.It's been a ruthless and bloody 7 solid days of short attacks on FE stock since hitting a post drop high around $30.20. Share price promptly rejected the $30.00 range, which is also the 30 year base support, and is now currently trading without an identifiable support level.
Short selling is likely to continue until price per share tests the 0.618 Fib support level around $27.40. If support fails, Stock could retest crash lows around $23.00.
Because of the ruthless short selling pressure, and uncertainty with pending FBI bribery investigation, personally I'm going to avoid the stock for the foreseeable future.
FE Analysis Daily
Island Bottom
Bullish Divergence (Stoch, CMF)
Exhaustion Gap
Opening White Marubozu
Momentum Curling
4hr
Trend Reversal
Loss of Bearish Momentum
Bull Flag
Rejection of PivotPoint
MACD Hist Crossover
RSI reversing (above 30)
1hr
Strong Bullish Momentum
Ascending Triangle (Bull Flag)
Trend Reversal 7/24
Bullish over 0.382 (30.09)
FE Fi Fo FumI road the wave of Manipulation...
And, collected 700 shares of FE
$33.60 gets us in the clear!
Goes Ex-Dividend on August 6th 2020.
FE, $39.92 MA MACD Histogram just turned positiveThis is a Bullish indicator signaling FE's price could rise from here. Traders may explore going long the stock or buying call options. I identified 48 similar cases where FE's MACD histogram became positive, and 32 of them led to successful outcomes. Odds of Success: 67%.
May the First Drop of Energy Pushes Towards $50!What I see...
+ Hammer candlestick bouncing off of 10ma under high vol.
+ Tightening of the Bollinger
+ RSI is pointing upward
+ MACD crossed up but in Bearish zone
+ Bulitple NR7 and NR3 combo, on low vol, leading up to trigger
- 10ma is under both 50 and 200
- MACD is in bearish territory
- upper shadow on -1d
What I setup...
+ Long entry above -1d high
- Stop under today's low
+ Traget at $48
:: Duration - 2 to 3 weeks
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FE analysis Fe at support area, you can buy the bounce (if there is one)or short the break(if there is one). :)
FE Bearish Cypher PatternPlease refer to chart, yes it is Put option time and/or selling time. Don't fight chart or you will be run over by the trading train. $32 looks like support.
FE Start going goodWe saw that FE earnings has growth in minus teritory. We hope FE management keep doing good things on this company.
We going long for this stock.
Fib Retracement, AB=CDFE, I went all out on this one but I figured it was an interesting setup, still learning.
Price Target: 33.00
Stop Loss: 29.80
Time Frame: 2nd of Feb
Fe ascending wedgePrice is testing resistance at the top, but considering the development of the wedge, it could go another leg down. Anyway if you are on the short side it is a great r:r bet...
Short FE Here -buy to cover stop at 30.58 - aim 3 to 1 at least FE broke to the upside but was unable to Hold Market profile breakout pattern. Looks lie it will head back down. Risk reward is about 3 to 1
