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...
$SBEA is going to absolutely exploded when the merger is officially completed and it moves to $BRCC!
Give this a few weeks with a stop loss you will not be diasspointed!
*Not Financial Advice*
