Long
BFT Triangle Breakout?
BFT (Foley Trasimene Acquisition II) is another SPAQ to keep an eye on. This is a project of William P. Foley, who has a track record that you will definitely want to consider for a position in the stock. He’s making a value-added deal with integrated payments platform Paysafe.
We currently are in a Wave 4 triangle and respecting a parallel channel that has confluence at multiple points at the mid-line. An alternative wave count would be a nested 1-2. A break above the supply zone could lead to the alternative count. There is a ton of open interest on many OTM contracts. Keep on eye out on this sleeper!
Supply Zone: $17.60-$17.80
Demand Zone: $16.30-$16.50
We currently are in a Wave 4 triangle and respecting a parallel channel that has confluence at multiple points at the mid-line. An alternative wave count would be a nested 1-2. A break above the supply zone could lead to the alternative count. There is a ton of open interest on many OTM contracts. Keep on eye out on this sleeper!
Supply Zone: $17.60-$17.80
Demand Zone: $16.30-$16.50
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