OnlyFibs
Sep 19, 10:54 PM
$BAFN | BayFirst Financial Corp. (Community Banking & SBA Lending Services 🏦📦)
$BAFN has executed a major multi-month breakout on the 8H chart, breaking through primary descending trendline resistance and surging up to test
$8.75–
$9.04. The stock formed an ascending support curve out of the
$4.26 bottoming floor, pushing past former resistance levels at
$6.70 and
$7.50. Holding above the newly reclaimed
$7.50–
$8.23 support pivot confirms the structural reversal, opening a macro continuation run toward
$11.34 and
$14.00.
Key Levels for Bulls & Bears:
• Bull Reclaim Trigger:
$8.75 /
$9.04
• Overhead Targets:
$11.34 /
$12.60 /
$14.00
• Critical Pivot Support:
$8.23 /
$7.50
• Downside Risk Levels:
$6.70 /
$5.20
Signal Profile:
• Breakout above long-term descending trendline signals a macro trend change following severe multi-month compression.
• Heavy volume accumulation at the
$6.70–
$7.50 base confirms real institutional buying on the multi-week turn.
#smallcaps #hovdid
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