BIG 0.00% $2.22 big un limited

BIG Chart and TA Thread 2.0, page-125

  1. 1,065 Posts.
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    Recent spike before 4C indicates a flagpole and pennant formation to me. 5o cent rise on that run gives the pole, with subsequent consolidation as pennant. As such, if we break above the $3.80-$3.88 resistance zone then we get $4.30 as the next leg up near-term target price. Not much beyond that in terms of volume traded, so all-time high of $5.00 comes up pretty quickly after that.

    My charts of lies and distortions also gives a near-term price target within the parallel uptrend channel of ~$5.75. My FA gives an ARPU $100M within 9-12 months, and concordant valuation ~$1B in mcap when compared to other hyper-growth SaaS companies, such as PPH. That gives me about $7.00 SP within that time frame.

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