Nov. 21 at 3:10 AM
$BEN is currently trading at
$21.18, showing a bearish market context with an RSI of 35.26, indicating potential oversold conditions. The price is below both the 30-day moving average (MA30) of
$22.54 and the 50-day moving average (MA50) of
$23.01, suggesting a downward trend. The recent 60-day high of
$25.91 and low of
$21.10 further illustrate the current price's proximity to the lower end of this range, indicating limited downside risk.
For a trade plan, consider entering a long position at
$21.20, slightly above the last close to confirm momentum. Set a stop loss at
$20.90 to manage risk. Target 1 can be set at
$22.00, aligned with the MA30, and Target 2 at
$22.50, just below the MA50. This plan takes advantage of potential price recovery while managing downside risk effectively.
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