Performance metrics and trade details for BKKT breakout.
This is a pure momentum play, not a traditional High Tight Flag, since the stock only pulled back for two days. O
n September 22, the company announced the appointment of Mike Alfred to its board, triggering a sharp 50% surge in the stock — reminiscent of the BMNR / Tom Lee appointment effect a few months ago.
The base was quite deep — around 70%, which normally makes me avoid this type of setup due to the significant overhead supply that can limit follow-through.