BAH looking for a swing bottom

30 Ağu 2022We have a buy pattern alert on this name at a reference price of $95.66, yesterday's close. This may be best played using a slightly out of the money call option. Perhaps the Sept. 16th expiration in order to give this pattern a bit more time to develop. For a confirmation, we will wait and enter on the first trading day when it is clear that the close will be above the open. One does not need to wait until the final hour if the situation is clear. Published price targets (link below) support our view.

1 Eyl 2022

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Still no confirmation in terms of a close above the open day. Could still happen so we must watch for it.

4 Eyl 2022

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We received conformation and now the 9 count on Thursday makes this a very interesting pattern to watch for upside movement.

13 Eyl 2022

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This long pattern has been negated with the sell off and steep drop in this name hitting natural stops. Unlike our other recent ideas (most of which closed out this past Friday), this one did not evolve as expected.