BEAM Stock: Reversal Confirmed – Uptrend Resumes Toward $19?

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Technical Analysis

Instrument BEAM (Beam Therapeutics Inc.) – Daily/4H Chart

Key Support: Strong demand zone near $17, acting as a reversal level.

Indicators

MACD Bullish crossover above the zero line, signaling strengthening momentum.

RSI Bounced from ~50 (neutral), now trending upward without overbought conditions.

Structure Higher low formed at $17, suggesting a potential uptrend continuation.

Potential Scenarios
Bullish Breakout
If price holds above $17.50, next targets are $18.50 (resistance) and $19 (psychological level).
A close above $19 could extend gains toward $20.

Risk Management
Stop-Loss Below $17 (invalidates the reversal structure).
Take-Profit Scale out at $18.50 and $19.

Penafian

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