Nov. 22 at 2:11 AM
$BE is currently trading at
$89.99, significantly below its 30-day moving average (MA30) of
$116.67 and 50-day moving average (MA50) of
$102.37, indicating a bearish trend. The RSI of 26.13 suggests that the stock is oversold, which may lead to a potential reversal. The 60-day high of
$147.86 and low of
$48.87 further emphasize the volatility and potential for a bounce back from the lower end of this range.
Market context shows a strong downward momentum, but the oversold condition could attract buyers.
Suggested entry point is around
$90.00, with a stop loss set at
$75.00 to manage risk. Target 1 can be set at
$102.00 (near MA50), and Target 2 at
$116.00 (near MA30), allowing for a favorable risk-reward ratio.
This plan takes into account the current technical indicators and price action.
For more insights, visit https://privateprofiteers.com.
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