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Please refer to the reddit post for more info^^^^^
According to iborrowdesk.com There are only 300 shares available to be shorted and on top of that borrow fees have risen to 7.8%.
You know what that means SHORT SQUEEZE
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In-depth analysis, can explain better than I can.^^^^^^
But essentially a similar situation to GME was.
A highly shorted stock that is debt free, making profit, and other good fundamentals.
Currently BGFV is the most shorted stock in the market.
The special interest date will be a big event.
Whether it squeezes or not, this stock is a great buy....
Strong financial statements
Price is consolidating at the ATH (followed by a flat - weekly frame)
H4 pattern - an expanded flat, wave C = 1,619 wave A. And a small impulse up - may be an early signal of trend continuation.
Small risk, huge reward potential.
Good luck!
Oddly enough C-19 provided a huge net boost to earnings to certain small retailers temporarily raising their net margins far beyond what they normally do. Eg. BGFV historical net margin was 0-3% and is now sitting at 9%. I believe this is only temporarily due to increased demand for certain goods last year which in following years will have decreased demand of...
I can't post charts with higher resolution, so you are going to have to take my word for it. BGFV is repeating the patterns it did a few days ago, before it took off. It's easier to see on the 1-minute scale. This *might* be a good day for it.
$BGFV 4 months cup with handle - acting very well in the last few days trading right above its 50 MA and tightening up very nicely.
Volume drying up quite a lot is what caught my attention. Good indications supply not coming to market any more.
Wow, look how cheap this stock is. I'd defiantly buy some and hold for a while bc theres going to be WW3 and defense stocks are going to soar. I hope yall know how to take care of yourself in the storm.
ANYWAY
Price action and vortex5 and macd divergence.
Fairly obvious pattern formation has formed. Now we just wait for the breakout.
- Bullish moving average alingment
- Bullish fundamentals
- Bullish chart pattern established
- Largest short interest in the entire stock market
NASDAQ:BGFV
Possible Scenario: LONG
Evidence: Price Action,
TP1: 32$
TP2: 34.5$
Call options, strike 25$, 10/15/2021.
Call options, strike 35$, 01/21/2021.
*This is my idea and could be wrong 100%.
BGFV long candidate for short squeeze with over 40% excellent fundamentals and setups is perfect need to hold above 30 but I believe will retest 29$ range entry 29-30 stop loss 27.5 exit complete out of position between 33-38
