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DivergenceSeeker
Dec 16, 2021 10:46 PM

A lot of potential $4+ - Near Term (1 - 3 month) Long

Description

Vinco Ventures, Inc. operates as a consumer product research and development, manufacturing, sales, and fulfillment company in North America, the Asia Pacific, and Europe. It offers toys, plush, homewares, and electronics to retailers, distributors, and manufacturers through e-commerce channels; and personal protective equipment to governmental agencies, hospitals, and distributors. The company was formerly known as Edison Nation, Inc. and changed its name to Vinco Ventures, Inc. in November 2020. Vinco Ventures, Inc. was incorporated in 2017 and is based in Fairport, New York.

Idea:
Price Target: $4 - $7 dollars
- Bullish
- Must break through 3.90 ceiling

Pros:
MACD crossing - charts
Increasing volume - charts
Institutional Ownership - fintel.io
20% of stock shorted - fintel.io
Increased borrowing rate % - fintel.io

Cons:
High number of shares outstanding (creates too much supply in the market)

Let's hope these shorts get squeezed soon.

Not Financial Advice - Just perfecting a process...

Trade closed: target reached

90%+ GAINS - Trade Closed
Comments
cerealtrades
hindsight can actually teach you a lot if you can deduce and extrapolate. good idea. this is not how you use trend extend though
DivergenceSeeker
@cerealtrades, thanks, still learning but appreciate the feedback!
cerealtrades
@ezc925, try investopedia.com if you hqvent already. its an amazing resource that i use all the time. when i encounter a new tool or concept im not familiar with i go look it up there. generally it has the best information on anything you might need to know. i even use it to just freshen up on my knowledge a bit before using an indicator or writing a post.
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