Dec. 6 at 2:23 AM
Actionable Trade Alert for
$BEN:
Market Context:
$BEN closed at
$23.14, showing strength as it hovers near the 60-day high of
$24.86. The RSI of 62.46 indicates bullish momentum but is approaching overbought territory, suggesting caution. The MA30 at
$22.50 and MA50 at
$22.69 provide support levels, indicating a potential upward trend.
Directional Bias: The price is above both the 30 and 50-day moving averages, reinforcing a bullish outlook. Given the recent high-low range, there is potential for upward movement.
Trade Plan:
- Suggested Entry:
$23.20 (slightly above the last close)
- Stop Loss:
$22.50 (to limit risk)
- Take Profit Targets:
1.
$24.00 (3.5% ROI)
2.
$24.50 (5.8% ROI)
3.
$27.00 (16.5% ROI)
This plan aims for a minimum of 17% ROI on the third target while maintaining a manageable risk with the stop loss.
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