OnlyFibs
• Company: BayFirst Financial Corp. $BAFN
• Sector: Financials / Regional Banking
• Business: Commercial banking, deposit products, and consumer lending across Florida's West Coast.
• Financial Profile: $1.13B in total assets with ongoing capital structure execution via shareholder rights offerings.
• Catalyst: Weekly technical wedge compression breaking out alongside operational pivot toward core banking assets.
Technical Breakdown: $BAFN is attempting a structural bottoming pattern on the weekly chart. A decisive move above $7.50 confirms a wedge breakout, unlocking upside toward higher volume nodes at $9.20 and $12.00. 🎯 Key Levels:
🐂 Bull Trigger: $7.50 / $8.00
🚀 Targets TP: $9.20 / $12.00 / $14.50
🛡 Support: $6.30 / $5.80
⚠️ Stop Loss SL: $5.50
⚖️ Bias: Bullish Reversal • Rationale: Trendline breakout from a multi-month falling wedge with major volume profile support holding at $5.80–$6.30. #BAFN #stocks #trading #hovdid
