BBAI breakout looks imminent

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The stock has been blasting through several resitance points on high volume.

The bulls are way in control.

The stock is trading pre-market above a an important descending trendline (triangle) that crosses a strong resistance point at this moment. Given the golden cross a few days ago, the healthy RSI and a few divergences I expect to see a bull run today crossing the resistance and trend line followed possibly by a retest or straight on to even higher levels given massive volume and bulls being in charge.

Protect your losses, trade safe!
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The trendline is being tested with more bullish volume coming in. We could be ranging for a while and seeing retests of the trendline.

From the 2h tf and up EMA50 and EMA 200 are massively diverging combined with the recent golden I am convinced we are now in a a very bullish trend.

RSI staying out of oversold territory and no divergence on the macd, only slight convergence on the RIS which is simply a sign of a minor incoming correction or ranging for now.

Trade safe!
Anmerkung
"recent golden" = "recent golden cross on the daily"
Chart PatternsTechnical IndicatorsTrend Analysis

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