BBAI is looking like it will play out the XABCD butterfly pattern if it continues to rally from the .382 of the pull back from previous $2.35 lows and 8.73 highs.
Breaking down and close below the $6.06 daily candle will potentially expose the previous consolidation POC at $3.87, which is a .75 pull back.
Using Fib time, I am expecting a $12 range around this year in December.
Will look to open a 7/12 bull call spread at Jan 2027 exp.
Breaking down and close below the $6.06 daily candle will potentially expose the previous consolidation POC at $3.87, which is a .75 pull back.
Using Fib time, I am expecting a $12 range around this year in December.
Will look to open a 7/12 bull call spread at Jan 2027 exp.
Trade active
news on new government contract which rallied the stock.Bounced from the .618 pull back
Still holding until ~$12.
Note
cup and handle formation forming, lows at 4.67 and high break point is at 8.72. difference is $4.05 which proves $12.77 area at the .618 retrace.Watch 8.72 daily close and breakout.
Though because the BC was a bit longer, the end date when ~$12 reached might be pushed to next year Feb.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.