KE Holdings Inc
Long
Updated

$BEKE on Breakout Watchlist

187
I opened a position in this on what I thought was a breakout on Dec 9. As you can see it's been hanging around that resistance line for awhile now. Since it keeps wanting to go above it I've set an alert at $69.40. If it can break and close above that level I'll be adding to my position. If instead it sinks to new recent lows I'll cut my existing position.

On the fundamental side, BEKE has had explosive growth over the last 3 years of 693% and had 39% growth the last quarter. IDB has a relative strength rating of 88 (Stronger than 88% of stocks in the S&P) and has an accumulation rating of B-. Lastly, the ARK ETF's have been buying this name for a few weeks now.

Ideas, not investing / trading advice.
Trade closed: stop reached

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