Dec. 25 at 1:51 PM
Actionable Trade Alert for
$BE:
Market Context:
$BE is currently trading at
$91.88, significantly below its 60-day high of
$147.86, indicating potential for a rebound. The RSI at 32.59 suggests that the stock is oversold, which may lead to upward price movement. The stock is also below its 30-day (MA30) and 50-day (MA50) moving averages, indicating bearish sentiment in the short term.
Directional Bias: Given the oversold RSI and the proximity to the 60-day low of
$75.7, there is a potential for a bullish reversal. The ATR of 8.91 suggests that the stock has a reasonable volatility range for trading.
Trade Plan:
- Suggested Entry:
$92.50 (above the last close to confirm upward momentum)
- Stop Loss:
$85.00 (below recent support)
- Take Profit Targets:
- Target 1:
$100.00 (8% ROI)
- Target 2:
$110.00 (19.6% ROI)
- Target 3:
$108.00 (17.5% ROI)
This trade plan provides a structured approach to capitalize on a potential recovery in
$BE.
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