Daylonne
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since Aug 6, 2020
indicator
spy
spy500
spyshort
trendanalysis
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BBAI has been on a consistent downtrend since the AI hype earlier in Q1. It has however seemed to find a new support here in May with the potential to move upwards. According to FinViz.com Float Short is over 15% with increased volatility for the week and higher relative volume. I think this makes this stock a could candidate for a short term swing trade.
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Haven't published an idea yet so here is one. Clear up channel over last 2 months SPY. Hitting the upper side of the channel with 421 range being the point to retrace if channel holds. Potential Short/Put opportunity here tomorrow or early next week?
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