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BBAI

BBAI may move higher from deeply oversold LONGBBAI fell on an earnings miss on Thursday, March 7th. The downtrend of 30% was a slow flush. Penny stocks are volatile, to begin with; this one is in the hottest of subsectors. Price is in the hard oversold area just below the first lower VWAP line on this 15-minute chart which is acting as resistance. the RSI lines are in the 30s-40s showing the price weakness. A predictive forecasting algo from Luxalgo suggests move up. I will buy this weakness on the prospect things will improve. I will take a long trade with tiered targets on the chart. partial closures of 25% , 50 and 25% respectively with the targets shown on the chart. The stop loss is 2.00 just below the current price. The entry will be a limit order / buy stop set for 2.5 It is selected as a POC line crossover on the volume profile. The trade is to be managed with partial closures directed by alerts and notifications as well as a trailing stop loss of 5% once the price gain has reached 10-15%. This minimizes effort and screen time so that they can be spread across a wider variety of trades.
NYSE:BBAILong
by AwesomeAvani
7
SOUN breaks above falling wedge LONGSOUN has been falling since March 21st and in the past week in a falling wedge pattern. It broke out above the wedge early in the 4/4 session and I opened my long trade position soon after in three separate pieces. I have set targets based on pivots or consolidation levels on the trend down including a standard Fibonacci retracement. The trend up will be slow perhaps due to the general technology market recovery of the correction made for the ambiguities of the rate cut. I am projecting a trade profit of 30-40 %.
NASDAQ:SOUNLong
by AwesomeAvani
15
BBAI - a penny stock in a hot sector LONGBBAI fell on an earnings miss on Thursday March 7th. The downtrend of 30% was basically a slow flush. Penny stocks are volatile to begin with; this one is in the hottest of subsectors. Price is in the hard oversold area just above the second lower VWAP line on this 15 minute while the RSI lines are in the mid-30s showing the price weakness. A predictive forecasting algo from Luxalgo suggests a bounce from the present price. I will take a long trade targeting a return of 25% over the next week with three targets and partial closures of 25% , 50 and 25% respectively with the targets shown on the chart. The stop loss is 2.50 just below the pivot low of 2.5. This trade idea demonstrates how penny stocks have great volatility and how if entered well can result in 25% weekly which if compounded regularly can result in rapid account balance growth overall. The trade is to be managed with partial closures directed by alerts and notifications as well as a trailing stop loss of 5% once the price gain has reached 10-15%. This minmizes effort and screen time so that they can be spread across a wider variety of trades.
NYSE:BBAILong
by AwesomeAvani
1
RU AI? Elliott WaveIf you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! This would be the BEST case scenario. Lots of ways to count but again this is the count with the quickest turn around. Because of the lack of conviction, it has to prove the turn to me. $3.00 is the ideal area for this idea. Then it need to put an impulse up with a correction facing down as illustrated. Cheers!
NYSE:BBAILong
by CryptoKnee