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Groupon

Groupon is pushing into earnings LONGGRPN on the 15 minute chart here with a volume profile overlaid hada high volume area breakout from mid December to mid January but then retraced and broke down. It consolidated for one week about the POC line gained some accumulation and then moved back up again. It broke above the high volume area on January 25th then retested it with a light touch on Feb 5th getting support in the rejection. The relative volume has picked up consistent with Wychoff theory ( this is not a fakeout). I see this as an excellent long trade through the upcomng earnings. The dual time frame RSI indicator can be useful to gauge strength minute by minute and so pinpoint entries and exits.
NASDAQ:GRPNLong
by AwesomeAvani
1
GRPN - Good, Bad, or Ugly, $48 Just Makes SenseWhether GRPN goes on to have it's best year, worst year, or just hovers around expectations, $48-$49 confirms path for all of these results. First - Just some fundamentals that match up with technicals: -Currently, the market is factoring in an upcoming earnings EPS equal to pre-covid (November 2019) numbers of roughly -$0.60. -The yearly EPS for 2019 was $0.30 and the estimated EPS for GRPN in 2021 is $0.33. A year in which GRPN traded from the range of $78 to $47. In saying this, the share price can move freely between this range depending on which way the technicals push price action - without getting over extended from this range. -In GRPN's best year, it traded with an EPS of $0.40 at a P/E of 255 ($102 price target) If technicals indicate a move up, demand will be there to confirm the move due to the current sentiment of a positive financial year. If the technicals show a push to the downside there also shouldn't be much resistance to supply due to the uncertainty GRPN has moving forward. Chart posted above shows an anticipated breakdown to $48-$49 due to a confirmation of a diamond top formation. Below further explains the bottom price target. Now lets look more into this move. (with anticipated low $48 used as the 0.00 FIB) A pullback to the $48-$49 range; allows a fill of the gap up, reach of lower trendline support, and sets a good bottom FIB number to keep from getting too extended out of the current trendline. All within the same move. Also this allows for a test of the upper mid-line channel of previous overhead trends. Furthermore, if GRPN goes on the have year where they meet expectations, market makers can move price through the trend without shaking out too many investors (keeping price action within upward trend). While still reaching the EPS based price target by end of year ($78). If, GRPN goes on the have their best year: (with cup and handle extension drawn) The pullback to $48-$49 confirms retracement to the 1.272 FIB level of the cup and handle as support (would indicate to investors a strong potential for upside), while also holding the lower trendline as support. If they have a bad year, its going down to $48 anyways.
NASDAQ:GRPNShort
by rickhubbard10
Is Groupon another recovery play?Groupon took a big hit in march 2020 when covid became pandemic. Ever since then it has developed a well formed upward channel to 30-40 dollar price range. It has always been in my radar for a recovery play but however I never press the button to open a position until recently it started edged up from $35-$38 just before its earning release. I was hoping the recent turmoil could bring it back to $35 range but it just never hit my buy order. Of course what happened after is well known by now, NASDAQ:GRPN earning well exceeded everyone's expectation and its price shot way up to $43. While I continue to be bullish about this stock but I always try to control my risk/reward ratio to 1:1.5 like many of my other recommendations. So I would hope Groupon's stock price could consolidate back to $38, which I have already put a buy order there to open a position with $35 as my cut loss... with an upside price target at the mid-way of its trading range prior to the covid drop at $53 dollar....although It may never come back to $38 anymore. If the recent bond yield fiasco cool down back to <1.2% I would be keen to raise my entry point a bit up to $40....At the time of this writing, I have no position in Groupon. If you like my idea, you could show your support by buying me a coffee here
NASDAQ:GRPNLong
by Squishybrain
Groupon (GRPN) Could it catch a bid?Groupon has been a slow bleeding bastard for the past few years. It appears that GRPN is putting in a base. It is kind of sort of showing signs of breaking out. If breakout actually happens - we should see some exciting price action. It feels like a decaying company but brand name alone is well known and folks still use it. Seems to me that it would be a great candidate for a buyout by a larger company. Maybe DoorDash? Maybe Etsy? Keep a close eye on this one.
NASDAQ:GRPNLong
by bossmodetrader
1
GRPN - long forgotten reopening play for 2021?GRPN has been in the poop-zone for years. Marginally EBITDA profitable and trading for slightly more than cash on hand, it seems to have found a bottom. But what's different this time around is the re-opening play. With prospects of new restaurants and/or re-openings commensurate with deal-hungry consumers, this could create an environment where we see Groupon come back from the dead and make another go for it during 2021. We are once again bumping into the long term downtrend channel. Weekly charts are starting to turn upward. Needs to clear this 30-40 zone for a confirmed break, but I could see this trading 100-150 during 2021 no problem.
NASDAQ:GRPNLong
by tacosaurus
2
Groupon stock TA Daily candleHello all, Here another TA of me, this time on the stock Groupon. If we take a good look to the chart, we can see the price is trying to break the uptrend. We do see the price is broken the downside of the uptrand channel and has tested this downside line once. What will it do? Anything is possible. Most likely in my opinion is that the price of Groupon is going further down. There are 2 areas where i see the price can go to. As mostly always price dont go down or up in one straigth line, so we will have to see for the next days what this stock will do. The line in red is very steep, most likely he will break that small downtrend by testing the downside of the channel. This won't mean right away the bears are gone. It is still possible to make a new lower high even after this steep line is broken. Be careful if you want to step in right now, i do think there is a good chance for lower price levels to get into this stock, if you want to add it to your long term portofolio. Before you choose to buy and hold a stock, always do your homework on the fundamentals. TA can help you by choosing a good moment and price to buy the stock. This is just my view and opinion and in the end you always decide for yourself . Don't ever go blind on someone else his vision, create one for your self! Have fun and good luck trading. :)
NASDAQ:GRPNShort
by JohanRD
GRPN - Not My Fav Stock 2 Trade But...GRPN ENTRY = 20 - 21.50 1st Target = 25 2nd Target = 30 HODL Target = 36 This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice. Good luck, happy trading and stay chill, 2degreez ____________________________________________ This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice. Good luck, happy trading and stay chill, 2degreez
NASDAQ:GRPNLong
by UnknownUnicorn7216011
Groupon Technical Analysis - BULLISH Here are my current thoughts on GRPN: 1) We have completed our first wave structure up and we are currently in a correction pattern before continuing to the upside. Right now it appears to be playing out as an "ABCDE" symmetrical triangle / regular flat pattern. - If this is invalidated, I have included the possibility for if this becomes a 3-3-5 expanded / running flat (which I don't think is the case, but - you want to be ready for everything!) 2) Upon breaking out of the triangle, my 1st idea would be to play the breakout targeting a 1:1 extension of the height of the triangle, first targeting 50%, then 100% (labeled in photo). 3) Since symmetrical triangles are continuation patterns, I would then look to target a 1:1 extension of the entire wave up - targeting the $4 area. Earnings are today so this should get interesting! If you like my content and would like to see more, please drop a like and/or comment! Let me know if you agree, disagree, would like further explanation, or just want to talk about it. Thank you.
NASDAQ:GRPNLong
by Trendencies