$NYSE:BBAI Double and Triple Bottoms with positive indicators

Dec 18, 2024

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:

• 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!

Dec 27, 2024

Trade active

Opened a position 3.50/share X 50k shares