$GRPN - Bullish or Bearish?- Conflicting Signals from IndicatorNASDAQ:GRPN
We are still showing the same hidden bearish divergence from my analysis of $GRPN last night (Apr 26). RSI:HH Price: LH, but the price made a +12% increase today and candlestick stayed comfortably above the 50 SMA daily resistance.
Seems to be conflicting-any ideas? Would appreciate any constructive criticism of my TA.
GRPN trade ideas
$GRPN Possible Hidden BEARISH divergence as Price test 50 SMANASDAQ:GRPN
Look at this possible Groupon $GRPN hidden Bearish divergence as the price test the 50 SMA. RSI makes as higher high and the price makes a lower low. Indication that price has reached its max and will decrease in the near future.
What does everyone else think?
*Not financial advise as this is my first post ever*
GRPN look for short 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
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!
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Groupon Inc range tradeGroupon, Inc. provides marketing services by selling vouchers through online local marketplaces. It offers mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. The company was founded by Andrew D. Mason, Eric Paul Lefkofsky, and Bradley A. Keywell on January 15, 2008 and is headquartered in Chicago, IL.
$GRPN Groupon bullish pre earnings Trade the breakout from ascending triangle.
Groupon (NASDAQ:GRPN) is scheduled to announce Q3 earnings results on Monday, November 4th, after market close.
The consensus EPS Estimate is -$0.01 (-125.0% Y/Y) and the consensus Revenue Estimate is $523.71M (-11.7% Y/Y).
Over the last 2 years, grpn has beaten EPS estimates 50% of the time and has beaten revenue estimates 50% of the time.
Over the last 3 months, EPS estimates have seen 0 upward revisions and 6 downward. Source seekign alpha
Company profile
Groupon, Inc. provides marketing services by selling vouchers through online local marketplaces. It offers mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. The company was founded by Andrew D. Mason, Eric Paul Lefkofsky, and Bradley A. Keywell on January 15, 2008 and is headquartered in Chicago, IL.Groupon, Inc. provides marketing services by selling vouchers through online local marketplaces. It offers mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. The company was founded by Andrew D. Mason, Eric Paul Lefkofsky, and Bradley A. Keywell on January 15, 2008 and is headquartered in Chicago, IL.
GRPN target $2.96 for a 2.71% bumpIf 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.
The short term market consensus for GROUPON INC(GRPN) have changThe short term market consensus for GROUPON INC(GRPN) have change to Bullish as at October 16,2019
We will execute buy signal at $2.878 with a Stop Loss at $2.5374 targeting $5.976
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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.