There is two or three Resistance and support which decides where it will go.
Scenario : 1
If it sustains its trend by support 1, then there is 70% chances to get resistance 1. Now the interesting thing is that if Grubhub will sustain its uptrend, then R1 will become Support for the next move.
Scenario : 2
If its fail to sustains its trend by support 1, then there is 50% chances to move down and getting Support 2. Now this level is nearest spot to get back on R1. Otherwise we have to wait long time to get high return.
We can't ignore the next earning report of GrubhubNYSE:GRUBNYSE:GRUB, and its revenue in compare to last quarter. It will most important happen to decide its next move towards down or up?
Keep it in Mind :
Support S1 : 78.45
Support S2 : 73.16
Resistance R1 : 82.71
Buy in Deep. "Redmark probability" will be convert in opportunity to buy. Don't miss the opportunity to get high returns.:)
Target :
Short Term : 10% Price $82.5
Long term : $101.00
Stop Loss : $71.00NYSE:GRUB
Scenario : 1
If it sustains its trend by support 1, then there is 70% chances to get resistance 1. Now the interesting thing is that if Grubhub will sustain its uptrend, then R1 will become Support for the next move.
Scenario : 2
If its fail to sustains its trend by support 1, then there is 50% chances to move down and getting Support 2. Now this level is nearest spot to get back on R1. Otherwise we have to wait long time to get high return.
We can't ignore the next earning report of GrubhubNYSE:GRUBNYSE:GRUB, and its revenue in compare to last quarter. It will most important happen to decide its next move towards down or up?
Keep it in Mind :
Support S1 : 78.45
Support S2 : 73.16
Resistance R1 : 82.71
Buy in Deep. "Redmark probability" will be convert in opportunity to buy. Don't miss the opportunity to get high returns.:)
Target :
Short Term : 10% Price $82.5
Long term : $101.00
Stop Loss : $71.00NYSE:GRUB
Trade active:
Target 1 for $82.70 Achieved.
Next Target : $102.00
Next Target : $102.00