Nov. 13 at 1:59 AM
$BEN: The last close at
$22.82 indicates a position near the middle of the recent trading range, with a 60D high of
$25.91 and a low of
$21.64. The RSI of 52.67 suggests a neutral momentum, indicating neither overbought nor oversold conditions. The price is below the 30-day moving average (MA30) of
$22.87 and significantly below the 50-day moving average (MA50) of
$23.44, which may indicate a bearish bias in the short term.
Suggested entry is at
$22.85, slightly above the MA30, to confirm upward momentum. Set a stop loss at
$22.50 to manage risk. Target 1 is
$23.50, aligning with the MA50, while Target 2 is
$24.00, providing a reasonable profit potential within the recent high-low range.
This plan leverages the current market context and technical indicators to identify a cautious bullish stance.
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