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BBIG

BBIG Move Monday?Ever since we posted an article on BBIG last Friday, the conversation has evolved. What was seemingly just another "short squeeze stock" ended up going viral and seems to be a huge talk on every social media outlet. But With so much hype, it's important to make sure you tune out the noise and look at the full picture. A fib retracement we plotted a while ago was extended to meet up with the recent candles. What's interesting is that the same 50 fib line that acted as a major resistance in February and June held on by a thread Friday BUT this time BBIG managed to close above it just slightly. You've also got the corporate story outside of the technical/speculative "short squeeze" story: " Shares of BBIG stock have remained on the radar of retail traders for the last few months. As we previously reported, investors anxiously awaited updates surrounding the acquisition of Lomotif Private Ltd. by Vinco and its subsidiary ZASH Global Media and Entertainment. The Lomotif acquisition’s importance was that it’s a Singapore-based video-sharing social networking platform becoming a rival to TikTok and Kuaishou. Fast-forward a bit, and Vinco is now experiencing surging trading action and gained appeal from the Reddit crowd...Lomotif has achieved a record number of Monthly Active Users (MAUs) with over 30 million MAUs, according to Data Analysis Firm Sensor Tower. Furthermore, Vinco recently launched recording Artist Tory Lanez’s album “When It’s Dark” on the E-NFT.com platform. “When It’s Dark” is the first album to go platinum on the blockchain with over 1,000,000 units sold...As far as BBIG stock as a “short squeeze stock to watch,” let’s look at some numbers. According to some outlets reporting short interest, the short float percentage is north of 50%, according to some outlets like FinViz. Given the state of the market and that BBIG has just over 41 million shares outstanding, it could be an interesting thing to track as traders hunt for stocks with high short interest this week. " Quote Source & Read More: 4 Short Squeeze Penny Stocks To Watch After SPRT Stock’s 1,309% Run
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by PennyStocks101
BBIG -- Zooming Out Lots of chatter on fintwit and discord over the past few weeks about BBIG... I'll spare you the backstory, and assume you've stumbled upon this chart purposefully. You know there's a merger, and you probably hoped last week was going to bring "more meaningful news!" and thus, "upwards price action!" "Tiktok!" they told you! Valuation! Billions of dollars! 7! 10 even!! Or at least that's what MrZack and his hairless lizard-person arms promised you. Sorry, nope. OptionsWolf cut the party short and reminded everyone there was a gap-fill owed around 3.50-3.70 and now bag holders are floating above 4.0 wondering, "wait, we still owe a lower gap fill move... right??." Well let's zoom out and look. This idea tracks patterns trend lines on the weekly chart, while flagging upcoming expiry dates. It may be a lazy man's POV (read: I ate a weed gummy), that volume will increase as the expiration date approaches (which will, in turn, affect the momentum of the price action). Actually never mind, BBIG's historical volume data supports that thesis. Also, did I mention there are still "catalysts" on the horizon? Despite the fact that no shiny valuation number came out on 6/24/21, the merger IS still on and the valuation WILL come out at some point. I expect the Zash/BBIG folks to milk every last drop of pump they can from "merger anticipation" hype. That means BBIG will grind higher and head back up to test resistance at 6 and IMO, I think it should break through. But also this isn't financial advice and who the fuck am I, anyway? I'm still holding profitable options, but I hedged on my commons and I may reload if I get a dip toward 3.75 again. I don't believe in the company, and generally think social media is poison. But also I love it, etc etc. patrick
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by psc230
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$BBIG 2 months later... A look forward using Elliot WavesWell, well, well.... Here we are back with our old toy -- $ BBIG . It didn't take the easy route, that's for sure, but it's ended the week right where I said it would back on June 26th. LMAO. Now we finally have a clean breakout of that weekly triangle, and 10 dollars isn't far away. My 5c leaps for Jan 2021 (which I bought in May/June) were up 600% on Friday. Could we have another SPRT situation? Surely not......................... right ?? Sincerely, your best bud patrick.
BLong
by psc230
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DOGE Days of Summer 786 On WatchDOGE ...like many altcoins has gotten beaten up for weeks but over the weekend (unless you're living under a rock), crypto is having a bit of a renaissance, DOGE included. So we took a closer look at some basic levels following a Fib retracement plot and wouldn't you know it, some interesting levels have emerged. Namely the 786 fib has clearly been a sticky area (around $0.27-$0.29). Previously, it was an area of support following the monster breakout earlier this year but now appears to be an area of resistance. Since breaking below the 786 fib, DOGE has now tested this area to the upside twice and, so far, has gotten denied twice. But considering the excitement in crypto and bitcoin stocks chatter over the weekend, it could be something to pay attention to should the bullish sentiment remain in place heading into the week. Keep in mind, you've still got rumors floating about Amazon and it's supposed crypto link: "Some penny stocks are on fire to start the week. That’s partially thanks to an upbeat sentiment in cryptocurrencies like Bitcoin and Dogecoin right now. This past weekend, rumors emerged expressing Amazon ( NASDAQ:AMZN ) would start accepting Bitcoin by the end of the year...Further rumors discussed that the company would develop its own currency by next year. According to an anonymous source talking to City A.M., 'This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future—this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work.'...Rumors are still just that; rumors. But these were enough to give a hefty spike in Bitcoin, Dogecoin, Ethereum & other cryptocurrency prices. With that has come a slew of momentum into both tech and cryptocurrency penny stocks today...Discussed with Cinedigm Corporation ( NASDAQ:CIDM ), Bit Digital Inc. ( NASDAQ:BTBT ), Hut 8 Mining ( NASDAQ:HUT ), Exela Technolgies Inc. ( NASDAQ:XELA ), Vinco Ventures ( NASDAQ:BBIG ) Quote Source & Read More: Best Penny Stocks To Buy On Bitcoin, Dogecoin Price Action? 5 To Watch
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by PennyStocks101
BBIG still holding vs technical trendsI know there's a lot of chatter about BBIG right now, which isn't necessarily a bad thing but it's something to be aware of as it can be one of the outliers right now. I mean that it is something that isn't normally a consistent factor of the BBIG market. Regardless, technicals are still doing their thing. The 618 remains the fib level of resistance and the 50DMA has upheld as a support level (so far). Volume hasn't completely died either. It's still on pace with the last few weeks of June and first week of July. It did, however, break below that previously established uptrend line put in with higher loss between mid-May and late-June. In any case, technicals to continue watching at the basic level: 618 Fib and 50DMA. "Vinco recently announced the spin-off of its Emmersive Entertainment platform into its own publicly traded entity. With a similar goal of changing the media world for good, this could be an interesting proposition for investors to consider. So, while the aforementioned merger is not yet completed, investors are waiting for it to be finalized. In the meantime, BBIG stock could be worth giving a first or second look." Quote Source: 8 Top Tech Penny Stocks to Watch in July 2021
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by PennyStocks101
Is A BBIG Move Coming (up vs down)The fibs continue playing a big role on the technicals for BBIG . The .5 levels has remained support while the .236 has clearly been a resistance level. It denied the move higher on Tuesday. The rumor mill keeps buzzing but now new updates from the company thus far. The NFT story has become less of a focus thanks to the Bitcoin breakdown so now we have to look at other underlying catalysts that could be in play. " BBIG stock is a penny stock that we’ve covered numerous times in the past few months. Up by around 7% in morning trading, Vinco Ventures is once again on the radar. For some context, Vinco Ventures is an acquisition company that purchases digital media and content tech companies. Right now, there is a lot of momentum surrounding BBIG stock due to its intended acquisition through its recent merger with ZASH Global Media. The goal is to have a signed final agreement and plan of merger on or before June 24th, which is only a few days away. This anticipation could be what’s fueling BBIG stock growth right now. While acquisitions are commonplace for Vinco Ventures, they are always exciting to see. And, because the digital media market is massive right now and only growing, this could present an interesting opportunity for investors and the company alike. In its last financial report for the period ended on March 31st, BBIG posted a 31% growth in revenue. This is exciting and comes alongside a 17% increase in its gross margin. " Quote Source: 9 Robinhood Penny Stocks To Watch With Bitcoin Below $30,000
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by PennyStocks101