BBAI may move higher from deeply oversold LONGBBAI fell on an earnings miss on Thursday, March 7th. The downtrend of 30% was a
slow flush. Penny stocks are volatile, to begin with; this one is in the hottest of subsectors.
Price is in the hard oversold area just below the first lower VWAP line on this 15-minute chart
which is acting as resistance. the RSI lines are in the 30s-40s showing the price weakness. A
predictive forecasting algo from Luxalgo suggests move up.
I will buy this weakness on the prospect things will improve. I will take a long trade with tiered
targets on the chart. partial closures of 25% , 50 and 25% respectively with the targets shown on
the chart. The stop loss is 2.00 just below the current price. The entry will be a limit order /
buy stop set for 2.5 It is selected as a POC line crossover on the volume profile.
The trade is to be managed with partial closures directed by alerts and notifications as well as
a trailing stop loss of 5% once the price gain has reached 10-15%. This minimizes effort and
screen time so that they can be spread across a wider variety of trades.
