tacosaurus

GRPN - long forgotten reopening play for 2021?

Long
NASDAQ:GRPN   GROUPON INC
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.

Comments

... and we have liftoff.
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this is starting to wake up with the overall reopening play. shorter term chart looks very bullish.
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