BigBear.ai (BBAI)

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BigBear.ai (BBAI) bullish triangle breakout watch

BBAI is forming a bullish triangle base dating back to February. A decisive rally above 8.58–8.80 (61.8% extension, July peak, and last week’s spike high) would confirm the breakout and target 10.36 (Feb high), 11.01 (100% extension), 11.90 (pattern count), and potentially 14.85–14.94 (full pattern count/161.8% extension). Tactical support lies at 7.34–7.09 (chart levels) and 6.45–6.31 (rising 13-week MA and chart levels).

The extension levels highlighted above are for the late April into early July rally projected from the early September low.

BBAI is breaking out from a bullish triangle vs. the S&P 500, which supports the case for a breakout from the absolute price chart triangle highlighted above.

Chart 1: BigBear.ai (BBAI)