We assign a technical rating of 7 out of 10 to BLE. Although BLE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
BLE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 10.91, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BLE in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
The following trade can be suggested based on the decent technical rating and setup score.
|An entry @11.00. This is a Buy Stop order right above the 10 day moving average.||An exit @10.86. This is a Stop Loss order right below the 10 day low.||The worst case loss on the trade is limited to 0.14 points, which is 1.32%.||For a 0.33% total portfolio risk, you can invest 25.00% of your capital in this trade.|
NYSE:BLE (2/6/2023, 12:13:58 PM)-0.08 (-0.73%)
|2 Weeks||-0.9%||1 Month||4.27%|
|3 Month||14.48%||6 Month||-6.55%|
|ATR Inc||6.76%||Range Today||0.06|
|ST Trend||LT Trend|
|10 Day High||11.21||10 Day Low||10.87|
|20 Day High||11.21||20 Day Low||10.54|
|52 Week High||14.62||52 Week Low||9.4|
|CS1 End||10.91||CR1 Start||10.99|
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