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Summary:
Current price could drop from our R1 zone to our S1 zone, presenting us with a good opportunity to sell.
Action:
Sell Limit: 45.34
Stop Loss: 52.00
Take Profit: 35.00
Analysis:
Monthly trend line was broken and re-tested with a strong rejection off our R2 zone, as captured by the recent spike. R1 zone is holding out nicely as a resistance and current price could drop to our S1 zone.
Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
Summary:
Current price could drop from our R1 zone to our S1 zone, presenting us with a good opportunity to sell.
Action:
Sell Limit: 45.34
Stop Loss: 52.00
Take Profit: 35.00
Analysis:
Monthly trend line was broken and re-tested with a strong rejection off our R2 zone, as captured by the recent spike. R1 zone is holding out nicely as a resistance and current price could drop to our S1 zone.
Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.