keep it simple!
Green box is where you buy, Orange box is where you take profit. At each profit target I take out 20% of my initial trade.
Looking at GRUB on the weekly we have seen a nice hold at the first green box, showing us some support at the 34-35 range. If this level can hold and form higher lows it is likely the first profit target will be hit.
GRUB was already in a descending triangle pattern. The stock did have a bullish RSI divergence at the beginning of October which did lead to prices rises somewhat to re-test the resistance line of the triangle pattern.
The price completely broke down after an ugly earnings report that was not taken well by the market prior to the market open. The breakdown price...
GRUB Is sitting right on support for the channel it has been surfing. This has a ratio of about 37:1 in favor of risk to reward due to this. Stop loss can be set just below support line at 55.50, which only allows for a 1.65% loss before cutting out. However, if it does catch on this trend line support, it allows for the possibility of the entire run back up to...
Can anyone believe this company once had a $15billion market cap...? Food delivery becoming more competitive by the day, Grubhub struggling for profitability, and headwinds beginning to prevail in tech sector.
Easy short down to $35 or $30. Borrow rate is low.
The IPO for Uber (UBER) has fallen out the bed. The company priced its IPO at $45, opened at $42, and closed at $41.57. UBER’s one-day total loss in value from the IPO price was apparently the largest in history. For a moment, UBER looked like it could stabilize around its poor first day. Unfortunately, the next trading day a major market sell-off helped take UBER...
Last week's analysis suggested that Grubhub could make an attempt to breakout in the form of a cup and handle. However, Thursday's action negated this potential. Instead, it's shaping up as a great short opportunity, especially with earnings being reported this upcoming Thursday (4/25).
If it's true that Q1 earnings are consistently featuring reduced guidance,...
Nasty bearish engulfing on today’s daily close. Needs to slide a little lower before it’s really tempting, but if we see a significant break below support around 66 or 67, with no traps or reversals, there may be a great opportunity to short. Would reassess each day thereafter, but with a target cover near the gap fill around 52 or 53.
$GRUB Inverse head & shoulders pattern has formed on the daily chart. Momentum indicators are gradually trending upward. Will be monitoring for a break-through and close above $83.00 resistance level for confirmation.
Near-term target - $95.00-$100.00 range by mid-February (assumes positive ER early Feb)
Medium-term target - Oct'18 $110.00 Gap-fill by...
NYSE:GRUB certainly headed higher, but that C wave has to complete first. my best guess is the golden pocket, the 618. But once past this pothole, ohhhhh boy the fun starts.. I got 161.8% of primary Wave 1, off the “estimated” end of Wave 2... COMING IN HOT $282, The Last Jedi Leap Call Options..
The price awakens December 2019..
$GRUB - GrubHub continues to hold the upward trend line, expecting a breakout within the next 1-2 weeks leading up to ER late October. GrubHub has maintained a great record of earnings beats over the last year, assuming this continues we could see $170 by the end of October post-earnings release.
Adding to the bullish sentiment, there was a deep-in-the-money...
$GRUB GrubHub looking very overbought at this point, starting to top out around $132.50. Forming a hanging man reversal candle on the hourly.
Expecting a retrace to at least the mid 120s in the very near term.
Note: Observation/opinion, not investment advice.