GRND
📈 Despite broad market volatility and distribution signals in many stocks, Grindr is exhibiting signs of accumulation within a tight trading range.
💪 The stock demonstrated resilience; a sharp drop several weeks ago was quickly bought up, indicating strong demand and maintaining its position near recent highs.
🎯 Grindr presents a compelling technical setup, suggesting potential for a breakout to new highs if overall market conditions improve and confirm a recovery.
@VisionariosBolsa:
“Because I’m seeing companies like Grindr, for example, that I’m loving. Look at the same thing I told you about Spotify; after so many volatile weeks of a falling market, look at the huge range we’re seeing in Grindr, which is absolutely crazy. While in the whole market there is a lot of volatility, while in the whole market we have seen signs of distribution in many stocks, precisely in stocks like this, we are not seeing that distribution. We are seeing how there is really accumulation. A fall like the one we had weeks ago was used to be bought very quickly, a lot of demand came in after that fall, and we stayed within ranges, close to highs. Therefore, Grindr looks very good.”
Watch the exact part of the video where @VisionariosBolsa talks about Grindr here:
Watch the video on YouTube
Read more articles analyzing Grindr (GRND) at the provided link. GRND stock.
