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norbix01
Jul 21, 2022 9:22 AM

BAH buying opportunity Long

Booz Allen Hamilton Holding CorporationNYSE

Description

Buying opportunity
Why?

1. Relative strength to the markets SPY/QQQ and XLY
2. Higher Time frame alignment / Weekly chart is ok
3. Moving averages : 20/50/200 MA are pointing higher near and under the price
Price > 20Ma > 50Ma > 200Ma
4. Chart pattern breakout forming near the minor support area - Cup with handle/W with handle

Entry : 93.55
Stop : 90.25
Target 1 : 100.25
Target 2 : 105

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