demyanchuk
Long

GROUPON INC POTENTIAL OF GROWTH

NASDAQ:GRPN   GROUPON INC
26 1 2
After formation of local longing trend there is third attepmt of the price to breakout the monthly (red bold) inclined line of resistance.
Moreover there is a price gap whitch is a good long-signal.
Also you can see inclined channel-flag with opportunity to be broken out.

Recommendation is to buy.

Entry point 4.00 (after proving breakout of the flag's bottom line)
Stop loss 3.40 (-1 tic under current fractal low price)
the 1st target price 5.00
the 2nd target price 7.00 (according to levels of resistance)
total risk/return ratio 1:5
demyanchuk
4 months ago
P.S. Entry point 4.00 (after proving breakout of the flag's top line)
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