Dec. 5 at 10:19 PM
Actionable Trade Alert for
$BEPC:
Market Context:
$BEPC is currently trading at
$40.06, showing a bearish sentiment with an RSI of 35.87, indicating oversold conditions. The price is below both the 30-day MA of
$42.01 and the 50-day MA of
$40.31, suggesting a potential reversal as the stock approaches the 60-day low of
$33.45.
Directional Bias: The bearish trend may be losing momentum, and a bounce back towards the 60-day high of
$45.1 is possible, especially given the oversold RSI.
Trade Plan:
- Suggested Entry:
$40.06
- Stop Loss:
$38.00 (below recent support)
- Take Profit Targets:
1.
$42.00 (1st target, approx. 5% ROI)
2.
$43.50 (2nd target, approx. 8.6% ROI)
3.
$46.00 (3rd target, approx. 14.9% ROI)
With a potential upside towards the 60-day high, this trade offers a solid risk-reward ratio, aiming for a minimum of 17% ROI on the third target.
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