Nov. 14 at 3:39 AM
$BBY: The last close at
$76.18 indicates a bearish market context, especially with an RSI of 23.02, suggesting the stock is oversold. The 30-day moving average (MA30) at
$79.25 and the 50-day moving average (MA50) at
$77.67 both indicate downward momentum, reinforcing a bearish bias. The price is currently closer to the 60-day low of
$70.41, which may provide support, while the 60-day high of
$84.99 offers resistance.
Suggested entry point is at
$75.50, slightly below the last close to capture potential upward movement. Set a stop-loss at
$74.00 to minimize risk. Target 1 is at
$78.00, just below the MA30, and Target 2 is at
$80.00, aligning with the MA50. This plan leverages the oversold condition while acknowledging the prevailing downward trend.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
