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Is BE heading for a slide? Shooting Star Candlestick shows up after sinking 2.29%
BE finished lower by 2.29% on Thursday, August 6th, trading 0.8 times its typical volume. Multiple bearish signals emerged — Shooting Star and Shooting Star Candlestick — suggesting potential weakness ahead. Key support levels exist at 216.96, 204.97 & 188.72, with resistance at 245.2, 261.45 & 273.44. Technical indicators like Slow Stochastic reveal overbought momentum right now.
Current SwingTradeBot Technical Rating of BE: C
There’s more where that came from. See all of today’s signals for BE here.
Read full article here »