Bullish Case: Increased Helium AI implied volatility hints at underpricing by the market, suggesting a chance for upside surprise. Black Hills' resilience and mean reversion offer bullish momentum.


Bearish Case: Persistent negative price action over multiple periods raises concerns of deeper structural issues within BKH, potentially dragging the price further down.


Potential Outcomes:

1. Climbing Helium implied volatility edges past market expectations, with a bullish reversal gaining a 40% likelihood.

2. Bearish structural pressures persist, 60% chance.


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April 02, 2024


Black Hills Forecast

BKH        Black Hills
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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