@marketpre:Why did GME go up? The answer is simple, last week, in the option chain, the amount of open interest on gme was insane for the $30 strike. An article pointed out that if gme went higher than $30 by last friday, it could go parabolic as a result. This was all true. However, on friday, gme closed below $30. The one requirement for gme to go parabolic was the close above $30 last friday; it did not. And therefore the open interest for the $30 did not happen. Today's action, is a Pump and Dump with a big sprinkle of FOMO. Right now, if you open the option chain, you would see that a lot of options have been sold in the money. Just as it was discussed in the wall street bets conversation this morning. This is a very clear indication that the gains will not be sustainable. You can also see whale
@CatherineGunter:$Grab Holdings(GRAB)$ GRAB's stock price is currently down 61% this year and in the last four weeks it has dropped by 10%. Could investors now be thinking that given its current low price, perhaps now is good time to buy before the stock goes up, as it heads towards profitability? I am bullish on Grab and have a target price of $4.74 per share – indicating approximately 70% upside.
@Keeley:$Grab Holdings(GRAB)$#GRAB 13 Oct 2022 https://www.tradingview.com/chart/GRAB/uy3WsHCO-GRAB-Analysis/ Price did not play exactly as analyzed last week. I was expecting price to head towards the lows at 2.32. Instead, price went up to mitigate the bearish POI at 2.88 before coming down. My expectations remain unchanged and is expecting the lows at 2.32 to be taken.