GrubHub (GRUB) Price Analysis

in #trading • 6 years ago

GRUB is an FDN member stock, an ETF that I wrote about yesterday. See here for analysis. https://steemit.com/trading/@technicaltrader/internet-index-fund-fdn-price-analysis

Given the weakness in FDN, I'm looking at the member stocks for signs of them moving lower. GRUB is sporting a mini H&S top and a quick look at the weekly chart (below), shows the trend channel has been broken and negative divergence has been confirmed.

I'm looking for a move down to the 38.2% retrace which happens to be just below 100 which often acts as big number support. It would take a move to new highs for me to consider a bullish outlook again.

#stocks #money #investment #finance
6 years ago in #trading by
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