DASH a quick play on earnings LONGDASH has earnings upcoming in two trading days. Since the last earnings three months
ago, on the 4H chart, DASH looks to be very healthy and decidedly bullish. The nearly
continuous MACD lines above the histogram say it all. The PVT shows occasional pullbacks
of the price volume product which are the ideal entries for a long-term swing trader or
investor. Earnings could beat or disappoint seemingly a beat is more likely. Price just completed
a mini pullback and resumed the trend. The " upper Bollinger band walk" is highly
bullish. I see a long trade of perhaps 5% upside with little risk. An options trade with
5 days DTE expiring 8/4 could have far more significant profit carefully constructed to
limit risk with relatively wider stop loss. Good luck to all who elect to take this trade.
GRUB
The fate of Food delivery companies ......They have all fallen from 60-70% from its peak !
With countries like Australia reopening its borders, and economies around the world slowly and painfully embracing Covid-19 , people are coming to terms with this virus and making it a part of their daily lives.
In Singapore, that means wearing masks daily and still going to hawker centres and coffeeshops to have my meals. Occasionally, we still order food delivery though the costs vs a vis home cooked food is more expensive.
At this juncture, I owned Meituan , a super app and China 3rd most valued company and have no intention to add on another similar company elsewhere.
Perhaps, those who have vested interest in these 3 companies can share their views ?
Long-term bullish Just Eat Takeaway (strong fundamentals)Just Eat takeaway (TKWY) is one of the current market leaders within Europe. The company connects restaurants and costumers in 9 European countries.
According to the company´s given information, they are the current market leaders in the countries: Netherlands, Belgium, Germany, Austria and Poland. This information is based on: amount of restaurants, orders and their gross share.
Support and resistance levels show the price is on a strong support level right now.
Entry: 37-39
Tp1: around 61 (resistance level)
Tp2: above 70-75 (mid-term)
Long-term target: around 95 - 100
Other resistance levels could show places to take profit.
Not financial advice.
Short term TKWY Bullish signalAfter a major drop in the stock price a short-term bullish correction is expected. The stock is still undervalued so on long-term I'm bullish although the technicals have not confirmed that yet. For now short term bullish EURONEXT:TKWY NASDAQ:GRUB
$GRUB was missed opportunity. Maybe giving another entry.$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 adds up to me thinking there's a lot of room to go down further.
The double bottom is a powerful pattern so I will be watching this with interest in weeks to come.
Everybody GRUBs...Weekly trying to hodl the 200ema, Daily SetupGRUB
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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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
THIS Is Why You Need Stop Losses!! - 06/17/20 RECAPHi traders,
Some days trading is harder than usual, most of the times because the SPY is indecisive or switching "sides" frequently. Wednesday was one of those days. Most of my trades went into some profit, but eventually failed. The last trade of the day in NCLH put me back into more reasonable loss for the day thanks to my 1:2 RRR I aim for.
Anyway in the video I talk about the importance of Stop-losses as I was kicked out with MORE THAN 40c SLIPPAGE in GRUB. Now imagine if I had no SL and it didn't retrace... scary stuff!
Trades:
1) GRUB - LONG @64.84, -1.31%
2) KSS - SHORT @23.68, -0.49%
3) BA - SHORT @192.3, -1.02%
4) PDD - SHORT @81.56, -0.65%
5) NCLH - SHORT @19.45, +2%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: -1.46%
Total PnL for the week: -1.52%
Good trades,
Tom | FINEIGHT
Grubhub - Fundamental AnalysisGo long - Mainly based on the below fundamental analysis
Uber (UBER), Grubhub (GRUB) – The Wall Street Journal reports the CEOs of both companies met over the weekend to continue merger discussions, as they try to work out a stock-swap deal that would combine Uber’s delivery service, Uber Eats, with Grubhub. Grubhub continues to maintain that Uber’s current offer is too low.
GrubHub ($GRUB): Uber Wants To Buy This, But Do We?✨ New charts every day ✨
Like, Comment & Follow to help the community grow 🎉🎉
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Grubhub’s stock spiked today by almost 40% due to Uber’s offer to buy Grubhub. That offer is bullish, but the reality is Uber and GrubHub haven’t agreed on a price yet. It is very likely the market won’t be deciding the price based on FOMO, and instead Uber and GrubHub will decide a price based on other metrics. Since it is doubful Uber will overpay, it is prudent to look at resistance levels assuming GrubHub beings trading again.
Resources: www.cnbc.com
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1. Fractal Trend is showing a downtrend (Maroon bar color) on the 4 hour chart.
2. With this strategy, we we want to enter short on bearish order blocks plotted by Orderblock Mapping (Maroon) and bearish S/R levels plotted by Directional Bias (Maroon).
3. Since the overall trend is down, the play here is to see how tomorrows open is and consider a short if price is rejected at R1 intraday.
With this chart we potentially won’t have much time to make any play before Uber and GrubHub come to a deal and shares stop trading. The goal here is to get a quick short in before the deal goes through. Otherwise, the point of this chart is to just point out potential resistance and support levels if trading keeps up. Whatever you do, you don’t want to be paying more for GRUB than Uber does.
Grubhub ir breaking out $GRUB$GRUB broke the resistance for double bottom. Volume is super, RSI is the higher high.
If you find my charts useful, please just leave me a "Like"
thx
Grubhub long?Possible long opportunity on grubhub,
Price can be seen to be trending along Fibonacci spiral
A bottom will be reached soon once strong support level is hit
Included bullish nasdaq TA outlook, however beyond TA is quite bearish..
$GRUB Trend Signals Point Higher as COVID Threat LoomsGRUB has been in rally mode, and has outperformed the broad markets during the crash. Ichimoku Cloud support is in effect guiding this emerging upward trend. It could blossom if nesting takes hold.
$GRUB Looks To Be Breaking Out$GRUB looks like it's ready to make a move higher. The stock is still 30% off its 52-week highs and 19.23% of the float is short, so there's plenty of short covering that can take place. There also could be some M&A happening in the food delivery space. DoorDash (DOORD), Postmates (NYSE:POST) and Uber Eats (NYSE:UBER) have been in various merger talks over the last year, sources confirm to The Wall Street Journal. Grubhub (NYSE:GRUB) wasn't mentioned in those particular discussions, but is believed to also be open to a deal of some sorts.
Grubhub Inc., together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com. The company also provides corporate program that offers employees with various food and ordering options, including options for individual meals, group ordering, and catering, as well as proprietary tools that consolidate various food ordering into a single online account. In addition, it offers Allmenus.com and MenuPages.com, which provide an aggregated database of approximately 440,000 menus from restaurants in 50 U.S. states; Grubhub for Restaurants, a responsive Web application that can be accessed from computers and mobile devices, as well as Grubhub-provided tablets; point of sale (POS) integration, which allows restaurants to manage Grubhub orders and update their menus directly from their existing POS system; and Website and mobile application design and hosting services for restaurants, as well as technology and fulfillment services, including order transmission and customer relationship management tools. The company was formerly known as GrubHub Seamless Inc. and changed its name to Grubhub Inc. in February 2014. Grubhub Inc. was founded in 1999 and is headquartered in Chicago, Illinois.
As always, trade with caution and use protective stops.
Good luck to all!
GRUBkeep 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 green box range is broken then GRUB will continue to the downside where we will see the second and possibly even the 3rd green box. These are good ranges to ladder in your longs, with a tight stop loss below the box.
GRUB - Earnings BombGRUB 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 has held around the 1.618% Fibonacci Extension level. This is also the support level from back in March 2017. We will have to see where it ends the trading day.
Autonomous Trading Decimates GrubHUB Shares Billionaire LaughsIt's hilarious! JUNK RATING = CRASH = NO RISK
Alex Vieira Bearish AI Trading Forecast Destroys GrubHub A crash forecast means CRASH anywhere in the world! It's the highest ROI since the Great Depression for savvy investors
Massive Risk/Reward RIght Now In GrubhubGRUB 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 channel resistance, which is an over 37% gain! Now that's what I call low risk/high reward trading! Could play this straight up with stocks, or could play options instead, which I heavily favor for trading. I personally like Sept 20th C65, currently available for about 42 bucks per contract. Keep the stop loss where its at, let the trade go if it breaks below. Plenty of opportunity in the market, don't get caught in only one! Happy hunting and GLTA!!
Short Grubhub to the groundCan 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!
GRUBHUB - short term correction and a bounceGRUB NYSE:GRUB is bounced off a long term historical trendline up. As long as it is not breached, expect a bounce after a minor correction.
