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.
I will be buying a Call Option with a Strike Price of $3.00; expiry date of 08/23/19.