Dec. 10 at 3:02 AM
Actionable Trade Alert for
$BE:
Market Context:
$BE closed at
$109.44, positioned between its 60D high of
$147.86 and low of
$61.37. The current RSI of 52.48 indicates a neutral sentiment, suggesting potential for upward movement. The 30-day moving average (MA30) at
$115.66 is above the last close, indicating resistance, while the 50-day moving average (MA50) at
$109.05 is just below, providing support.
Directional Bias: Given the RSI and MAs, there is a slight bullish bias as the price is near the MA50. The ATR of 11.77 suggests volatility, allowing for significant price movement.
Trade Plan:
- Suggested Entry:
$110.00
- Stop Loss:
$105.00 (5% below entry)
- Take Profit Targets:
1.
$120.00 (9% gain)
2.
$130.00 (18% gain)
3.
$128.00 (17% gain)
This setup allows for a risk-reward ratio that supports a potential ROI of over 17% on the third target while maintaining a manageable stop loss.
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