Groupon, Inc.
Long
Updated

GRPN on a one month breakout LONG

83
This is to follow up my previous idea on Groupon. On the 2H chart, price is in a one month

sustained breakout from the volume profile and into the upper VWAP band lines both anchored

for end of 2023. The faster green RSI line crossed the 50 about the same time and basically

has not looked down. The slower RSI line has slowly risen from 55 to 65. This is in the consumer

discretionary sector and hot necessarily hinged to technology stocks. I see this as rock-solid

as it gets. I will load more shares now and also load more ona dip There was a big earnings

miss in November and then Goldman Sachs raised its target from 5 to 7.5 which seems like

a big adjustment after an earnings miss. I suppose GS knows their stuff.
Note
Nice pop after hours to celebrate the NVDA beat got price back to what it was before the prior 24 hours of action. Running full position.

snapshot

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.