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.
If the...
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...
I dont know why sometimes markets overreact this way.
If you look at grubhub earnings , yes it was bad , but not so bad that you wipe out half its marketcap.
EPS was in line
The orders have dropped though by 15% which for me is a bad sign.
And the orders and revenues might continue to drop considering their estimate for next quarters being 315-335 million...
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...
GRUB bearish on weekly, intraday, and hourly charts.
GRUB may push through $57 support.
Lower daily volume.
Will take a short position and monitor for the next few days.
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.
Cheers!
GRUB GrubHub has just completed printing a true Bullish Harami candlestick pattern at the bottom of a downtrend. Attached link to diagram explaining the rules for the bullish harami. Large bearish candle, followed by a gap up from close bearish candle, whose body is no bigger than 25% the preceding bear candle. In addition to this pattern, the RSI has shown a...
The goal is to profit any way or how possible.
Trading is simple: Press a button, buy or short, see profit: take it! If it is not respecting the setup, then there is no point in trading. What stop loss?
Grubhub Inc. provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites. As of December 31, 2016, the Company connected more than 50,000 local restaurants with diners in more than 1,100 cities across the United States. In certain markets, the Company also provides delivery services to restaurants on its platform that do not have their own delivery operations. The Company provides diners on the platform with a personalized platform that helps them search for local restaurants and then place an order from an Internet-connected device. It also provides diners with information about their orders and status. The Company also provides delivery services to restaurants on its platform that do not have their own delivery operations.
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GRUB
