jofansiwork

Still following Weinstein steps

Long
jofansiwork Updated   
NASDAQ:GRPN   Groupon, Inc.
2
Grpn is following again Weinstein step . I am earning right now 8 % from my last position and I will exit at 5 $.
Trade active:
following my stochastic Long trade strategy i have sell at 4.81$ yesterday.
now i enter again because the stochastic reached -80 at 4.6$.
my target is 4.99-5.01$. and if i am wrong i will sell at 4.4$ only if the stochastic is up to -20
Trade active:
i ve bought today at 4.58$. GRPN curve price is doing the same pattern has previously.
Stop loss 4.45. The stochastic is looking great.
Trade closed manually:
After the downgrading the stock started the phase 3 of weistein steps.
i have sold yesterday 25% of my position and lost 5 %.
The next step is 3.88$ . If the Stock runs under 4.05 a will sell all my position.
The MA curves turn also down , and the stochastic 30 days is also not looking great.

Tha the reason i am selling step by step my position
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.