BBAI may move higher from deeply oversold LONG

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BBAI 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.

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Scooping from the bottom of the high volume area looking to target its top.
May have NVDA tailwinds.

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BBAI is oversold and the AI sctor may be experiencing a rotation. PRice is at the bottom of the historical high volume area of the past 1 1/2 years. I see this as a good entry for another logn trade. The risk is high; the reward could be 100-200%.
I will set a stop loss of 50% and take a small position.

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Ghi chú

Stop loss 0.75 T1-2.50 T2-3.50 T3- 4.25 ( 25%, 50%, 25% respectively)

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Solid move today with patience rewarded.