Jun. 11 at 1:19 PM
$GRND has been getting swiped left by the market — down over 27% from its highs and sitting just above its 52-week low of
$9.73. This is the ultimate bounce or bust zone.
But here's the thing: Grindr isn't a broken business. This is the world's largest LGBTQ+ social networking platform — 13+ million monthly active users, a deeply loyal base, and a subscription revenue model that's still growing. The stock has been beaten. The community hasn't gone anywhere.
The Setup
$GRND is trading at
$11.58, building a base at long-term support with buyers quietly accumulating. The chart is showing early signs of a rounding bottom forming at these levels — exactly the behavior you want to see before a move higher.
The path is clear: first gate is
$11.79 (daily resistance) — a decisive close above that confirms the bounce is real. Clear that and
$14.24 is the next stop. Push through
$14.24 and the final target at
$15.18 is wide open.
How a stock reacts at its key support tells you everything about whether real buyers are stepping in or stepping away. Right now, the candles are starting to show conviction.
There may be one final test of the
$9.73 low before the real move begins — but that's exactly why the stop is placed where it is.
The Breakout Trigger
A decisive close above
$11.79 confirms renewed bullish momentum. Watch that level.
Target:
$15.18 Stop:
$9.73 R:R: 1.95:1
Stop clearly defined at
$9.73. As always — position size appropriately for your own risk tolerance.
Not financial advice. Always trade your own plan and manage your risk.
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