The execution of this trade is pretty simple: You have Bullish Divergence and you have a Weekly Bullish Engulfing. Stay above the low of the Weekly Bullish Engulfing candle and you should be clear for takeoff.
GRUB is undervalued and in a bullish inverse head and shoulders pattern. Still building out the right should. Look for support at the neckline and rush to the upside after breaking down into support off the right shoulder. First price target, $20.
$GRUB is trading over 1,000,000 shares a day, but the gaps on a daily basis are a little concerning.
The double bottom with divergence is such a nice pattern I had to take notice of it with the hopes of being more alert while I'm browsing future scans. A bull flag may be forming, however, earnings were really bad, and the measured move only did about 50%, which...
BUYZONE = 63-65 (383fib)
Cost Avg Down = 55-57 (.5fib)
1st Target = 72 (236fib)
2nd Target = 76
3rd Target = 80
HODL Target = 85+
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Technical indicators might be strong, but mobile food ordering companies operating in the US may face really hard time as many restaurants are failing to survive. EPS is not expected to get any better for Q4 2020.
GRUB may have found D but is not quite to long entry level..I plan to wait for LE level as I am trying to figure out why the shori is 11%..
I am not sure if there is good news on the horizon or not..I just looked at the chart is all so far..I now see a double bottom..
Short interest is a bit high on this one..not sure why but I do respect their...
AB=CD is a reversal pattern that helps you identify when the price is about to change direction. The idea is that you can buy when prices are low and about to rise or sell when they are high but about to fall.
The AB=CD pattern helps you identify when the price is about to change direction so that you can buy when prices are low and sell when they are high.
Hello traders, GRUBHUB is in a fake bearish push with low buy volume and a bear wick. The TIMEFRAME 1Min is in bearish continuation to arrive on the next low and start again on its rise. Big possibility of going on the top after, We can see it on the 4H and the 15 Min, several resistances to pass. And a strong one that is before the bearish gap in the collapse of...
RULES FOR BIG 3 INDICATOR.
Add 20, 40 , and 80 sma to chart.
Step 1 - Bullish uptrend with price above all 3 ma's.
Step 2 - Bearish Pullback with Price below 20 sma .
Step 3 - ENTER TRADE when Bullish Reversal Candle Closes.
Step 4 - SL below the current swing low.
Step 5 - Close trade when Big 3 Indicator changes color of the column to Yellow or Red.