LONG GRND // Swing TradingBreaking out a range between $15s n $19s.
Favorable RSI and increasing volumen. Nice base formation.
According to Finviz, insiders own 77% of floating shares. 12% short float.
Maybe a pullback before a rally but price action is OK.
Earning release are close (19 May - unconfirmed) so just little position.
Target: $24 at least.
GRND trade ideas
Love is in the Bull Market air!Grinder ( NYSE:GRND ) leading in its dominant internet-content industry, impressive earnings and revenue growth backed with heavy institution accumulation shown in a key breakout day with volume.
With earnings due in 9 days at the time of this post, I have reasons to believe this security can increase
GRND IPO POP then DROPOn the 15-minute time frame, the price action is decidedly bearish
over the past couple of days. Gauss filters downward.
The Ichimoku resistance against a reversal is thick.
Price has dropped more than 15% each day.
The RSI indicator shows dismal strength and no signs of divergense
to herald a reversal. I am in this as a short seup and
have profited well taking a partial each day. Option plays
are not available. Once the bear trend burns out, this will be
worth looking at for a slow uptrend. So once the relative strength
drops to below 25% or some bottoming wicks and Doji candles
appear on the lower time frames, I will look to take the profits
and trade the uptrend. ( this may bounce up from the POC of
the volume profile as a reaction to support. )
PLAY the VOLATILITY !