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Bigbear

BBAI Breakout Continuation Pattern ConfirmedWe 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.
NYSE:BBAILong
by MyMIWallet
$BBAI back on track to break the $10.00 resistanceAfter the crash in sync with PTLR yesterday due to Trump's Defense spending cuts. If you don't cut losses, and still hold tight, even DCA to load more share below $8.00, especially the $6.80 - $7.00 area. Congratulations! Profits are in sight. Most of the popular indicator is Option trading ideas: Buy Call $10, exp 3/21 Buy Call $11 and $12, exp 4/17 Most popular indicators are supporting this bullish momentum. BUT!!! Watch out for profit-taking pressure near the upcoming ER 3/6. BBAI's valuation is already too high compared to its projected earnings, so be careful! Disclaimer
NYSE:BBAILong
by ChungKhoanMy
4
$BBAI next target $11 - $12 in the last week of Feb 2025Please see the sample chart I shared. The bullish flag pattern appears once again. So if BBAI can hold the support level of $8.00 - $8.50, it is likely to rise to $11 - $12 in the next push. The most ideal entry point is the price zone of $7.80 - $8.00. However, I am not sure that this can happen when the profit-taking pressure is too strong at the $9.xx area. My confidence level is only 66% for the bullish case. And 33% possibility of a decline to the price zone of $7.00 - $7.50. So, Stop Loss must be setup or hold tight up to you. Good luck Bigbear brothers!
NYSE:BBAILong
by ChungKhoanMy
3
BANKNIFTY DAILY REVIEW - 31 August 2020In yesterday's post, i talked about crab patterns and likely price behavior around them. Snapshot of yesterday's post - There is also a crab pattern formed on the daily chart suggesting a resistance around 24560-24660. Price action near crab resistance is usually wild, by wild, I mean you can see spikes, large movements in the prices in any direction, so if the market opens flat or gaps up tomorrow, it might also test 25150 on the upside and the support levels 23590 and 22980. As Expected, we have seen large movement in the index in today's session. Banknifty formed Big Bear Candle in today's session, and I have always talked about the importance of these Big Candles, whenever such candle forms, they act as a good resistance, which markets are usually not able to cross easily. Big Bear Candle resistance comes at 24300 and 25232 levels, so keep those levels in mind, in case we saw some pullback tomorrow or in this week. The short-term trend biased also changed from an uptrend to sideways or downtrend. Support levels remain the same i.e 23590 and 22980.
NSE:BANKNIFTY
by manuagarwal21