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demyanchuk
Jul 20, 2016 12:56 PM

GROUPON INC POTENTIAL OF GROWTH Long

Groupon, Inc.NASDAQ

Description

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
Comments
demyanchuk
P.S. Entry point 4.00 (after proving breakout of the flag's top line)
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