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Alpha_Trades206
Feb 15, 2021 2:16 AM

BFT Triangle Breakout? Long

Description

BFT (Foley Trasimene Acquisition II) is another SPAQ to keep an eye on. This is a project of William P. Foley, who has a track record that you will definitely want to consider for a position in the stock. He’s making a value-added deal with integrated payments platform Paysafe.

We currently are in a Wave 4 triangle and respecting a parallel channel that has confluence at multiple points at the mid-line. An alternative wave count would be a nested 1-2. A break above the supply zone could lead to the alternative count. There is a ton of open interest on many OTM contracts. Keep on eye out on this sleeper!

Supply Zone: $17.60-$17.80
Demand Zone: $16.30-$16.50
Comments
member4896
You make really beautiful charts. Thank you for sharing.
LeProfiteur
I love recent IPOs thanks for pointing it out. the fact that the Fisher is turning up means there should be some room to go and it squeezing in the 178 Min chart as well

tradingview.com/chart/wmvR30oS/
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