Black Rifle Coffee Co | BRCC | Another doomed de-SPAC?
De-SPACs often thrive for a little post-merger and then plummet below $10. I do not think Black Rifle Coffee Company (
BRCC
) will escape this fate. While it is possible it could go higher from its current level ($18.50, 2/26/2022), I see it eventually filling the gap below (between $12.38 and $13.55) and then going below $10. Bearish divergence already started with the RSI and momentum waning.
BRCC
) will escape this fate. While it is possible it could go higher from its current level ($18.50, 2/26/2022), I see it eventually filling the gap below (between $12.38 and $13.55) and then going below $10. Bearish divergence already started with the RSI and momentum waning.
Trade closed: target reached:
✅✅✅