$GRPN Analysis & Key Levels - REQUESTED - I hold no position.

$GRPN Analysis & Key Levels

Ok, @vikita2481, so right now support is at 18.54 so if you plan on adding THAT would be where and not any sooner.

So, two things to watch for. First you want to see GRPN break and hold above the 35 EMA (The big red line in the middle) I put a bunch of green arrows going back over the past few years to show where it crosses above the 35EMA.

Second, I would watch on the MacD for the MacD (blue) to cross above the centerline (0) and then the signal as confirmation.

If you have a position now and want to hold then just hold and maybe add more when GRPN crosses back up above the 35 EMA… and if it breaks and holds above the 180 EMA add a little more…

Right now this is bearish on the Daily and the weekly but I have set an alert for the break into bullish territory again and will update when that happens.

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I did have a position here but I cut my losses because I moved brokerages and didn't have time to wait...

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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you.

Red = Resistance
Green = Support
Blue = trendlines




Have fun, y’all!!