Interesting setup forming on $GRRR. The stock is trying to break out, and with several big potential catalysts still in the pipeline, this could become a high momentum small cap move if volume starts flowing in.
That said, this is not a clean “set and forget” type of trade. GRRR has a history of running hard on hype and then cooling off just as aggressively, so I’m treating this as a high risk, momentum based small cap setup. Position sizing matters here.
The key level I’m watching is $15.77. A strong break and hold above that level could open up the chart quickly. The path toward $18 looks relatively clean, and if volume confirms the move, I think GRRR could push toward the next major upside target around $22.75.
The keyword here is volume.
Without volume, this is just another small cap name trying to break resistance. But if volume comes in aggressively, GRRR has the type of low float, catalyst driven structure that can move violently.
That said, this is not a clean “set and forget” type of trade. GRRR has a history of running hard on hype and then cooling off just as aggressively, so I’m treating this as a high risk, momentum based small cap setup. Position sizing matters here.
The key level I’m watching is $15.77. A strong break and hold above that level could open up the chart quickly. The path toward $18 looks relatively clean, and if volume confirms the move, I think GRRR could push toward the next major upside target around $22.75.
The keyword here is volume.
Without volume, this is just another small cap name trying to break resistance. But if volume comes in aggressively, GRRR has the type of low float, catalyst driven structure that can move violently.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.