Took a position in BBIG today for a swing at an average price of $4.926 with a stop loss set at $4.57. After hours it ran an additional 12.44% after running 27.52% during market hours. Looks like BBIG will gap up Wednesday, Jan 18, and possibly retest the current zone of $4.85-$5.41. If it does, I will not be freaking out and I will maintain my stop loss at $4.57. If BBIG decides to gap and go tomorrow, I will be placing my stop loss above $5.41. My expectation of where BBIG is heading to is drawn on the chart. I expect heavy sellers to show up at $7.99-$8.59 and from my average of $4.926, that is a potential 60-70% gain. I will be trailing my stop loss as price rises. If BBIG can manage to push through $7.99-$8.59, I am expecting a retest of all time highs. A break of all time highs, BBIG may be the next AMC.....
Ultimately, I expect BBIG to continue its current bullish momentum. Good luck to everyone that is long in BBIG and let's hope the hype continues! 😁
Ultimately, I expect BBIG to continue its current bullish momentum. Good luck to everyone that is long in BBIG and let's hope the hype continues! 😁
Trade closed: stop reached:
Stopped out on 1/19/2022.