Stock Of The Day / 02.05.25 / BBAI

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02.05.2025 / BBAI #BBAI

Fundamentals. The company signed a contract with the Department of Defense's chief digital and artificial intelligence office to develop an AI solution.

Technical analysis.
Daily chart: Uptrend. Exit from two-month accumulation. Level 6.77 formed by the trend break in February 2023 is ahead. The screenshot shows a more informative weekly chart.
Premarket: Gap Up on increased volume.
Trading session: The primary impulse from the opening was stopped at 5.80, after that the price began to tighten to this level, forming pullbacks, each subsequent one smaller than the previous one. We are considering a long trade when the 5.80 level is broken.

Trading scenario: #breakout (#tightening) of the 5.80 level

Entry: 5.85 aggressive entry into the breakout.

Stop: 5.63 we hide it behind the last pullback.

Exit: Close part of the position before the daily level of 6.77. Close the rest around 7.22 when the candle closed below the trend line.

Risk Rewards: 1/5

P.S. In order to understand the idea behind the Stock Of The Day analysis, read the following information.

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