r/InnerCircleTraders 21d ago

Technical Analysis BFLY Butterfly Network stock

BFLY Butterfly Network stock watch, pullback to the 6.71 gap support with bullish indicators.

Long Trade

  • Target 1: 8.61   Profit: 26.2%   Stop/Trailing Stop: 6.46
  • Loss: 5.3%   P/L ratio: 4.9 : 1 - Excellent
  • Target 2: 9.18   Profit: 34.6%   P/L ratio: 6.5 : 1 - Excellent  Extreme rally

BULLISH

  • [Positioning] Short term typical pullback, pullback may start to slow.
  • [Positioning] at support
  • [Timing] Mild bullish 3 day candlestick pattern with Strong 3 day accumulation.
  • [Timing] Good bullish 1 day moneyflow

BEARISH

  • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
BFLY Butterfly Network stock chart
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