Nov. 21 at 2:37 AM
$BE is currently trading at
$93.38, below its 30-day moving average (MA30) of
$116.56 and 50-day moving average (MA50) of
$101.92, indicating a bearish trend. The RSI at 33.36 suggests that the stock is oversold, which may indicate a potential for a reversal. However, the recent high of
$147.86 and low of
$48.87 over the last 60 days highlight significant volatility.
Given the current metrics, the directional bias leans bearish due to the position relative to MAs, but the oversold RSI may present a short-term buying opportunity.
Suggested entry could be around
$90, with a stop loss set at
$85 to manage risk. Target 1 could be set at
$100, near the MA50, and Target 2 at
$110, approaching the MA30.
This plan accounts for both the potential for a bounce back and the prevailing bearish trend.
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