GRUB - Earnings Bomb
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 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.
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.
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