First BanCorp

FBP remains in a robust Stage 2 advancing uptrend, but recent price action is extremely overbought and showing early exhaustion near resistance. Short-term EMAs and momentum indicators are stretched, reducing execution favorability now. Medium-term structure (HH/HL and rising EMAs) stays bullish, though moderate Stage 2→3 transition risk calls for patience. Recommend waiting for a pullback into the rising 9/21 EMA zone before initiating long exposure.

• ↑Q1 net income $89M (+21% YoY) and record pre-tax income of $131M
• ↑ROA at 1.9% for 17th straight quarter above 1.5%
• ↓Class-action suit over Epstein ties creates legal and reputational risk