BigBear.ai, Inc.Long
$NYSE:BBAI Double and Triple Bottoms with positive indicators
Thanks to Money_Wins_Honey for getting this on my radar.
BBAI 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:
Entry Points:
Exits:
Double Bottom PT - $8.43
Triple Bottom PT - $12.96
Good Luck!
BBAI 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!
I'm not a financial advisor and I'm not offering financial advice. Everyone should do their own homework before making any decisions!
Good luck and I'm always interested in what you think.
Good luck and I'm always interested in what you think.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.