Groupon (GRPN) squeeze happened. Hit first target. If it pops above the resistance and finds support there, $80 is attainable.
Whether 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...
Provided the link below to the original trade plan. Looking for entry break below $59
Groupon has been a slow bleeding bastard for the past few years. It appears that GRPN is putting in a base. It is kind of sort of showing signs of breaking out. If breakout actually happens - we should see some exciting price action. It feels like a decaying company but brand name alone is well known and folks still use it. Seems to me that it would be a great...
This sequence trade idea of the previous post mentioned in the related idea. It has a U shape (rather C&H) recovery from bottom 19.3 and its break resistance 34.34. As per calculation next resistance is 49.45 (34.41 + 19.37).
Go ahead and add this to your watch list. Under 4$ is a nice risk reward as far as I’m concerned. Started a long position today sub 4, however, I’m on the fence right now. The fact that 3.90 seemed to hold up potentially boded well. Monday will be telling from a technical stand point. My advice. Don’t buy yet, but you should have this on your radar, along with GRPN
GRPN is a great example of a company with literally no viable path forward still somehow getting attention from retail traders. The gap higher on awful -- but beat-the-number -- EPS provides another solid short entry as it spirals toward eventual oblivion.
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...
Bullish Trend Line + 3 Inside Up + EMA Cross Price Target: 2.03 Options Trade: 7/17 2.5c
The daily and one and four hour chart looks nice for a long but groupon had negative earnings and changing leadership also the weekly chart is deal breaker of going long, we have a one year trend line currently about $.20 away so i m looking to short GRPN near trend line i will not chase either long or short
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 /...
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.
Clearly heading straight into support for the first time. Likely to bounce. First test best test.
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...
Putting my 2 cents on this all time bad performing company. Have a feeling , its time for some profits in here. Low risk trade is no harm ;)
GRPN seems to have poked past it's previous 8mo trend and may have just recently confirmed it won't be returning? Watching to see if it will dip down to $3.00, or lower.