GRPN target $2.96 for a 2.71% bump
Updated
If GroupOn can break through the opening bull pin from Oct 16 of $2.91, then looking at a 2.71% bump to $2.96. The MA trend looks like it could be a risk for a cross over, but the closing 30m green candle engulfed the previous red spinning top , so expecting upward movement.
Trade active
Closed above resistance and hit target with $2.98. Next resistance levels are:1. Fib 2.618 at $3.03
2. Previous high on 9/16 at $3.04
3. Previous high on 9/11 at 3.05
MA looks like trending to avoid a cross. One risk is that RSI is overbought. Will watch close on Friday and see if there's a bull ride or bear dick into the weekend.
Trade closed: target reached
Hit target, plus RSI + Stochastic indicators + red flag at open indicates drop, closed position before weekendDisclaimer
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