GRND
🛒 Grindr (GRND) was purchased this week, identified as a prime candidate for a breakout due to its exceptional relative strength (RS 97).
📈 The stock demonstrated resilience by consolidating while the broader market experienced distribution, indicating strong underlying demand.
📊 Following a 7.6% rise this week and a breakout from a consolidation pattern (similar to a previous successful trade), the position is now active, awaiting upcoming earnings on May 8th.
@VisionariosBolsa:
“The stock that entered this week is GRND. This is the stock I bought this week, to the surprise of absolutely no one, because if you haven’t bought it, or didn’t have it on your radar—you didn’t have to buy it just because I say so—but keeping it under watch… it’s because you haven’t been following the reports or understanding the logic I’ve been talking about for weeks. For over a month, I’ve been saying this could be one of the first stocks to break all-time highs, precisely because of what I mentioned with Netflix: relative strength. Look at this RS 97 too, coincidence, same number? No, obviously, because they are stocks following the same dynamic. Look how the RS was already breaking out weeks ago, and this consolidation we were having while the rest of the market was crashing, while there was distribution elsewhere, in this stock there was relative strength, there was money coming in. What do we see this week? A 7.6% rise, doing superbly, leaving behind… perhaps I missed a bit of volume on that breakout, but we are in. In fact, we had a test, then exited taking profits. I actually made a vlog one of the days we bought this stock, which I’ll upload to YouTube next week on my secondary channel. Remember, you can find me as Sito Rodríguez on my personal secondary channel where I do vlogs showing my day-to-day, how I invest, a bit of everything, if you’re interested, you can follow me there too. And I was talking about how I really liked Grindr, but that I had sold, taking profits because, honestly, I exited taking profits, it closed at highs, it was a very easy new entry, and finally, it left a very good weekly candle, and I stayed in, having taken profits days before and maintaining the rest of the position on Friday when I re-entered. So, for now, super good behavior, breaking that average superbly. It’s a stock you know well because I’ve talked about it endlessly in weekly reports. It’s a stock we entered some time ago on this breakout. We caught this whole trend, and now, look, coincidentally, same pattern, Darvas box, and new breakout. Will we see the same trend? Only time will tell. In fact, we have results on May 8th, in two weeks, so we’ll see how those Grindr results are.”
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.
