buy every dip and stay calm.
Insane to go long energy or time to step on the gas as we're perched on this key support level like birds on a power line? I'm thinking go long.
Strong horizontal trend on FE and significantly undervalued. Possible 70% return on FE.
$FE posted as the estimates predicted with a slight bullish projection as per the PEAD. Price is currently trading around the lower boundary of the PEAD Cone. If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
FirstEnergy, monthly timeframe: Support level + 2 Spinning Tops + Nearly oversold + Side of Bollinger bands + Nice discount
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...
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)
I 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.
This 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%.
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...
Fe at support area, you can buy the bounce (if there is one)or short the break(if there is one). :)