Nov. 14 at 11:45 PM
$BE Trade Plan:
Market Context: The last close for
$BE is
$111.89, positioned between the 30-day moving average (MA30) of
$114.33 and the 50-day moving average (MA50) of
$98.40. The RSI at 51.34 indicates a neutral momentum, suggesting neither overbought nor oversold conditions.
Directional Bias: With the current price above the MA50 but below the MA30, there is a slight bullish bias. However, the proximity to the 60-day high of
$147.86 and low of
$44.64 indicates potential volatility.
Suggested Entry: Consider entering a long position above
$112, which is just above the MA30, signaling potential upward momentum.
Stop: Place a stop loss at
$108 to manage risk, below recent support levels.
Targets: Set the first target at
$125, which is a reasonable resistance level, and a second target at
$135, aligning with the bullish outlook and volatility range.
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