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 $10. Bearish divergence already started...
NYSE:BRCC Possible Scenario: Long Evidence: Price Action, TP1: 19.20$ TP2: 20.25$ TP3: 22.80$ Call options 18th Mar, Strike 20$ Call options 18th Feb, Strike 25$ *This is my idea and could be wrong 100%.
$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*