GRRR - Short term hit and hopePurely a technical play. Stock had a very strong run up and has pulled back a long way.
A small recovery run might return ~30%
Tight stop loss around $11 in case it moves the wrong way.
GRRR trade ideas
$GRRR Super Bullish Prediction Can it REPEAT it all the way up to $68 dollar rage?
What is your opinion?
Please share~ Thank you!
GRRR rely on HOPE or still try to WAVE countingit can be seen that upon crossing below MA 200, it broke the support with significant volume. 15 minutes, we can see hammer is formed. However if look into 5 minutes.... there is rebound from a certain level of support with volume similar like upon support break.
The question whether this is re-accumulation or cycle of uptrend already finished.... need to be seen...
GRRR retrospectively should have been SOLDmaybe it is when it formed possible double top
sell near the resistance
or maybe to sell when it already broke MA 50 with significant volume
only thing is it formed hammer which may cloud the judgment
maybe because it dropped more than 20% within 2hours?
two big red candle overriding the big green candle which happened before
Expect a good jump from GRRR , very promising companyWe can see the long downtrend is coming to an end. pump may be around the corner.
GRRR reverse split pumpA reverse split pump in the small cap stock market refers to a situation where a company, typically with a low stock price, undergoes a reverse stock split in order to artificially inflate its stock price. Here's how it typically works:
Low Stock Price: Small cap stocks often have low prices per share, sometimes trading for just a few cents. This low price can make the stock less attractive to investors and may even lead to delisting from stock exchanges that have minimum price requirements.
Reverse Stock Split: To combat the low stock price and possibly meet exchange listing requirements, the company executes a reverse stock split. In a reverse split, existing shares are combined to reduce the total number of outstanding shares, thereby increasing the price per share proportionally. For example, in a 1-for-10 reverse split, every 10 shares a shareholder owns are converted into 1 share, effectively increasing the price by a factor of 10.
Pump: After the reverse split, there may be efforts to artificially boost the stock price, creating what is known as a "pump." This can involve various tactics, such as promotional campaigns, exaggerated press releases, or even coordinated buying by groups of investors. The goal is to create a perception of increased value and generate buying interest in the stock.
