According to some analysts, Vinco Ventures (BBIG) is "In Midst Of Experiencing Multiple Squeezes, With Next Squeeze To $27.32 by September 22nd (Proxy Mailing Date) And More To Come In October."
But is that a realistic assertion based on real technical analysis?
Yes.
The stock has been one of the most explosive stocks over the last 3 weeks, rising from about $2 to over $12 at its recent high and our analysis yesterday pointed to a stock whose price action might reverse, and today we have further confirmation of that.
Realistically, can the stock price continue to trend higher?
Yes.
What are some realistic price target expectations if the shorts begin to get squeezed?
It appears $27 is very realistic target WITHOUT a short squeeze given all the fundamental changes to the company and upcoming catalyst activity.
But is that a realistic assertion based on real technical analysis?
Yes.
The stock has been one of the most explosive stocks over the last 3 weeks, rising from about $2 to over $12 at its recent high and our analysis yesterday pointed to a stock whose price action might reverse, and today we have further confirmation of that.
Realistically, can the stock price continue to trend higher?
Yes.
What are some realistic price target expectations if the shorts begin to get squeezed?
It appears $27 is very realistic target WITHOUT a short squeeze given all the fundamental changes to the company and upcoming catalyst activity.