Aug. 7 at 7:23 PM
$BE is trading around
$218.51 right now!
With the daily 50WMA and the 0.382-0.5 zone getting strongly rejected, today's 6% drop clearly validates a corrective market structure.
Despite short-term weakness, the company still commands a powerful economic moat and a massive product backlog.
Wait for sellers to push price down into the 0.618 support level before looking for high-probability reversal entries!
Are you ready to load up if it drops to our target, or staying on the sidelines?Check my profile for more live setups and charts.