GRPN trade ideas
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.
Groupon, bottom?Started accumulating awfully cheap leap calls 25 strike going out a monthish. This chart is what traders are talking about when they refer to managing risk. Imho with the holidays coming, as well as other fundamentals, this 21 area may be a good place to start a long position. Do your dd. Looks like hedge funds seem to agree
$GRPN Conveniently Moves Up into the Firing LineGRPN 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.
Narrower-Than-Estimated Loss + tops revenue estimateNarrower-Than-Estimated Loss and a revenue figure that was more than double the analysts' estimate.
GAAP net loss of $2.53 a share, widened from $1.42 a share in the year-earlier quarter.
Revenue declined 26% to $395.6 million from $532.6 million.
A survey of analysts by FactSet produced consensus estimates of a net loss of $4.14 a share on revenue of $183 million.
the company has cut substantial costs.
the company reached adjusted earnings before interest, taxes, depreciation and amortization faster than it had expected. That figure was $1 million for the second quarter.
Company surpassed Street estimates by a wide margin. Though its sales and earnings declined year-over-year, cost-savings measures boosted its bottom line.
The company is also planning to start the second round of layoffs in August to reduce its expenses. In April, Groupon said it was planning to furlough about 44% of its total workforce by July 2021.
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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. :)
GROUPON - lesson :-)Just want to point this out, to show you the importance of placing a stop loss on your trade.
As shown on the chart, Groupon had a false breakout (yellow circle) what, after the retest of the pattern, led to a 15% drop in one day.
This can happen at any chart and is very painful without a stop loss.
This said, I'm getting the feeling that Groupon is now trying to climb back up, and since the FED keeps printing, it might even do so, and possibly even fill that gap.
Who knows, it's a risky stock in these times, so if you trade this, be careful, place your stop loss :-)
I would wait to see what the new week will bring on this chart, to get a feel of its strength.
I will do an update on moonday, I mean monday ;-)
"These are my thoughts on Groupon. They are meant to give you an idea, not trading advice."
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
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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
GRPN looks ready to popnice little ascending triangle formation... And the company has a reason to pop: as new restaurants pop up to replace failed ones, they are in an interesting position to have a bit of a resurgence. Plenty of corporate cash to invest as necessary. Could their be some groupon-delivery-with-uber-eats for the restaurant of the future?
Groupon: $1.50 Short Price Target PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I think realistically Groupon could be on a bullish retracement curve pattern-wise and for the next wave could at least expect to hit or maybe even pass that $1.50 threshold. It is one of those stocks that seem to be undervalued in its digital space and rightfully so. When things start opening back up as well, the supply and demand curve should start surging.