BigBear.ai, Inc.Long
BBAI breakout looks imminent
Updated
The stock has been blasting through several resitance points on high volume.
The bulls are way in control.
The stock is trading pre-market above a an important descending trendline (triangle) that crosses a strong resistance point at this moment. Given the golden cross a few days ago, the healthy RSI and a few divergences I expect to see a bull run today crossing the resistance and trend line followed possibly by a retest or straight on to even higher levels given massive volume and bulls being in charge.
Protect your losses, trade safe!
The bulls are way in control.
The stock is trading pre-market above a an important descending trendline (triangle) that crosses a strong resistance point at this moment. Given the golden cross a few days ago, the healthy RSI and a few divergences I expect to see a bull run today crossing the resistance and trend line followed possibly by a retest or straight on to even higher levels given massive volume and bulls being in charge.
Protect your losses, trade safe!
Trade active
The trendline is being tested with more bullish volume coming in. We could be ranging for a while and seeing retests of the trendline.
From the 2h tf and up EMA50 and EMA 200 are massively diverging combined with the recent golden I am convinced we are now in a a very bullish trend.
RSI staying out of oversold territory and no divergence on the macd, only slight convergence on the RIS which is simply a sign of a minor incoming correction or ranging for now.
Trade safe!
Note
"recent golden" = "recent golden cross on the daily"
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