BBAI Breakout Continuation Pattern Confirmed

25 Haz

We enter BBAI at $5.11 look for confirmation above the $5.20 which we expect to confirm support after consolidation of this morning's breakout (if it even recedes from this point), with a price target of $8.35 which would provide the potential for a ~65% Gain on the potential trade and continuation. We have a stop set for $4.06 on the trade.

This comes after the company announced deploying their Biometric Software at Major US Airports & Ports of Entry, which helped prop up the company's stock to push back to those potential highs to retest the $10.49 even. No company-specific information has been released in the past week.

25 Haz

İşlem aktif

Purchased another 100 Shares at these $4.80 price levels after the stock unexpectedly broke support at that $5.20 price level of previous resistance which we believe is what drove the price down to these $4.70s-$4.80s, providing an even better entry to gather more shares, sit, wait and see what tomorrows open brings to determine if we hold or let go.