Grubhub (GRUB) Lost a Level. Short into Earnings.Last week's analysis suggested that Grubhub could make an attempt to breakout in the form of a cup and handle. However, Thursday's action negated this potential. Instead, it's shaping up as a great short opportunity, especially with earnings being reported this upcoming Thursday (4/25).
If it's true that Q1 earnings are consistently featuring reduced guidance, it's likely that a weak report here will further accelerate their decline.
Target #1: 50
Target #2: 42
GRUB
GRUB Building for BreakoutSitting on the bottom of a fresh demand zone, with RSI poised to breakout. Expect to reach the top of the drawing, then potentially form C&H.
Chart Analysis - GurbhubPossible support level is 63.34/423.60% and expected will rebound from that.
Grubhub - Potential ShortNasty bearish engulfing on today’s daily close. Needs to slide a little lower before it’s really tempting, but if we see a significant break below support around 66 or 67, with no traps or reversals, there may be a great opportunity to short. Would reassess each day thereafter, but with a target cover near the gap fill around 52 or 53.
$GRUB Inverse Head & Shoulders - Momentum Gaining$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 April
Note: Informational analysis, not investment advice.
GRUB - Quick dip to $68, before the jump off to $282 by 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..
$GRUB - GrubHub Holding Support, Breakout Imminent$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 ~$7M bullish bet today via Jan'19 $67.50 calls with ~1,100 purchased for ~$7k per contract.
Near term target - $150
Medium term (post-ER) target - $170
Note: Informational analysis, not investment advice.
$GRUB Topping Out$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.
GRUB - Channel breakdown short from $99.90 to $83.13, Jun 95 PutGRUB was on our watch list from a long time. It had an incredible really, but now its seems getting some downward momentum. It's also breaking down from an upward channel formation. We think it has strong downside potential from current level.
To play this we would consider June $95.00 Puts
* Trade Criteria *
Date First Found- March 28, 2018
Pattern/Why- Inverse Fallen angel. Upward channel breakdown Momentum short
Entry Criteria- Current price ($99.90)
Exit Criteria- 1st Target $83.13, 2nd Target- Momentum
Stop Loss Criteria- $110.33
Indicator Notes- Twiggs money flow divergence
Special Note- Lot of insider selling in some heady percentages. June $95.00 Puts looking good.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
GRUB - BreakoutGRUB has been moveing a strong uptrend after the last earnings report in October. In addition, the stock has had a good year as shown on the weekly chart.
The Daily chart has an uptrend, Darvis resistance range and propulsion dots. I would like to see the RSI make a new high once the stock breaks out.
Profit: 74.80
Entry: 70.20
Stop: 65.15
Entry of 3.4 OBO on Jan18 70Calls.
MNTR is getting ready to RumbleShowing strong weekly support. Looking for a run to at least $1.50 $AZN $ABT $GRUB $ODFL $ANH $GRPN $LECO $RAD $MAR $ETFC $AAPL $CQP $TVPT $ARCO $SWFT $REN
GRUB- Short from 37.66GRUB has significant level of insider selling. On the technical side it just rejected from upward channel resistance. We think it will decline from here but we are caution to put the stoploss, if it breaks above.
"You can check our detailed analysis on GRUB in the trading room/ Executive summery link here-
www.youtube.com
Time Span: 4:30"
Trade Status: Pending
$GRUB long, flag breakout$GRUB made a nice flag, I will be watching this tomorrow to see if it can break above the 39.50 level to go long.
GRUBAs a user of this service and seeing earnings getting better this could be one to trade keep eye on it but as of now looking good, earnings coming again soon
