GRNDInitiative 50% of the position, as price prints a nice flag above the WMA40. DCA down to WMA40. A nice future runner, IMHO.
GRND trade ideas
Ishea IndexWe buy what Ishea buys. This index tracks Ishea's favorite companies based on her buying patterns.
Equal Weighted Index
To make this equal weighted I made the index as if we invested $100 in each company on 7/24
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 !
It was a SPAC - what else could possibly happen?We all know how this one is going to go. Could take 6 months, could take 6 years.
