GROV QUICK TRADE CHART IDEA squeeze stocks move fast.
this is a quick chart, didn't have time to make it super amazing.
But it's worth eyeballing this trade
40% down takes us right to two major support lines, which leads to a major buy signal. This takes us to around 2.80 until the next rejection occurs. That's a big percentage movement of like 100% to 162% depending on where you buy and sell exactly.
These moves are projected to be quick moves. NEXT WEEK needs to close over 1.81 and so does this week. However, this means you could easily see a crazy movement in AH, which would mean, Monday can open lower and take us right to the major buy target.
GROV
GROV - IF you want a "Squeeze candidate" try this one. There is some serious potential here on this stock. After such a big drop, those short positions are going to close, which will end up springing the price upwards. There is potential for a big short term run-up on this stock.
Price targets are marked.
Relevant trends are marked.
This trade won't be for those not okay with massive risk!!
The lowest price target I currently see is marked in red. Imo, this price target will ultimately spring the price higher in the end, and you can probably buy that dip with some confidence in some kind of bullish price action to come and cover losses.
Ultimately, we could very well see a situation like this play out. This line won't be very accurate overall, please follow the actual chart and indicators, however, this movement projects to be quick, but it's hard to tell. If the trends are projected accurately, it times the crash to mid-late Jan, and it times the run-up into starting next week.
If I was trading, I'd pay close attention to that 3.83 mark, with potential to keep going up to like 5.8 or so..