Live monitoring of the Ascending Triangle setup on FE. See where price is heading.
Bullish continuation pattern.
Gradual reversal from bearish to bullish.
FE is showing interesting structural developments at $49.92. The stock is trading at $49.92, up 0.87% on the day. The primary technical feature is a Rounding Bottom formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $50.07, targeting $56.41 with support near $46.9 (R:R 2.0).
What is your outlook on FE?