Grindr Inc (NYSE:GRND) surged last Friday after the LGBTQ social networking platform’s merger with special purpose acquisition company (SPAC) Tiga Acquisition Corp. was completed.
Let’s take a look at the technical chart for GRND. GRND chart currently exhibits Fishhook with a bottom forming at $8. If that level holds, it could see $13-$15 again on a bounce. The range is to $20 if it really gets ripping again. Recent IPO via a SPAC with a good social media presence following the stock.