Longer Term Trading Plans for FSBW
- Buy FSBW near 36.05 target 41.02 stop loss @ 35.95
- Short FSBW slightly under 41.02, target 36.05, stop loss @ 41.14
May 16, 2025, 21:10 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy FSBW near 36.05 with an upside target of 41.02. This data also tells us to set a stop loss @ 35.95 to protect against excessive loss in case the stock begins to move against the trade. 36.05 is the first level of support below 40.32 , and by rule, any test of support is a buy signal. In this case, support 36.05 would be being tested, so a buy signal would exist.
The technical…