Live monitoring of the Bearish Flag setup on FE. See where price is heading.
Bearish continuation if preceding move was down.
Indecision. Widening then narrowing range.
A clear signal has emerged for FirstEnergy (FE) on the daily chart. The stock is trading at $45.22, down 0.5% on the day. Price action has carved out a classic Diamond. Volume is average (0.16x avg) with moderate trend strength (19.9). A potential breakout level is identified at $43.73, targeting $35.99 with support near $47.6 (R:R 2.0).
What is your outlook on FE?