$NYSE:BBAI Double and Triple Bottoms with positive indicatorsThanks to @Money_Wins_Honey for getting this on my radar.
NYSE: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!