$NYSE:BBAI Double and Triple Bottoms with positive indicators

Thanks to Money_Wins_Honey for getting this on my radar.

is showing double and triple bottoms in the weekly as well as daily chart. The price targets are $8.43 and $12.96.
Here are my positives that support this trade:

The volume has been really going through the roof
Williams %R it tracking higher lows
It's in the AI space so it's HOT right now

Entry Points:

Higher Risk - Now, and place a stop below $3.00 (that's the current shelf that's being formed)
More conservative - wait until after breaking the double bottom resistance line (closing above $4.81)

Exits:
Double Bottom PT - $8.43
Triple Bottom PT - $12.96

Good Luck!

Dagangan aktif

Opened a position $3.50/share X 50k shares

dzygadlo

I'm not a financial advisor and I'm not offering investment advice. Please consult with your own financial advisor prior to making investment decisions!

Good luck and I'm always happy to hear from you.

Penafian

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dzygadlo