GRPN Rebound off current resistance
There is a lot going on here visually but if you can see past it I believe there is a nice rebound coming for GRPN as it comes off a week of aggressive consolidation. Currently the stock price is well below 2 year downward trend and has faced steep losses since the earnings report that came out last week. I project that long term the price will continue to fall but in the short term it should bounce up to around $3.30-$3.40 before it meets resistance.
I will be buying a Call Option with a Strike Price of $3.00; expiry date of 08/23/19.
I will be buying a Call Option with a Strike Price of $3.00; expiry date of 08/23/19.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.