Nov. 15 at 12:11 AM
$BSY is currently trading at
$43.17, significantly below both the 30-day moving average (MA30) of
$49.71 and the 50-day moving average (MA50) of
$51.02, indicating a bearish trend. The RSI at 7.37 suggests that the stock is extremely oversold, which could lead to a potential reversal or bounce in the near term. The 60-day high of
$57.25 and low of
$42.61 further illustrate a tight trading range, with current prices nearing the lower end.
For a trade plan, consider entering a long position at
$43.50, slightly above the last close to confirm upward momentum. Set a stop loss at
$42.50 to limit potential losses. Target the first profit level at
$47.00, which aligns with resistance near the MA30, and a second target at
$49.00, approaching the MA50. This plan leverages the oversold RSI while respecting key moving averages and recent price action.
https://privateprofiteers.com
