$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...
GRUB has been slowly climbing up eventhough the ascending channel was broken by sudden drop but the drop was actually a strong bullish candle. There is a good risk reward ratio here with profit target of 97.5 and stop loss at 76.
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...
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 $282, The Last Jedi Leap Call Options..
The price awakens December 2019..
3 of the Highest Growth Stocks in the Market Today
An e-commerce platform, a payment option, and a food ordering service all make the list.
Brian Stoffel (TMFCheesehead)
Sep 30, 2018 at 3:02PM
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$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...
I really missed out on my last GRUB idea. I'm going to try my best not to let that happen again. The company is healthy and still trading in this channel, which had upper and lower bounds defined by two huge volume bars. I like that pop up after earnings last week and the recent pullback seems like it may be a good entry spot.
$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.