jefftan
Long

GROUPON : HEADING TOWARDS POSSIBLE STRONG UPWARD THRUST

NASDAQ:GRPN   GROUPON INC
230 0 1
Price has effectively moved from the yellow channel into the green channel which abruptly halted its advance into the blue channel.

An overlay using the Action and Reaction method, gives one a preview ahead of time with regards to the potential timeframe and area for possible violent reaction to the price.

As it heads sideways towards the confluence point as indicated by the text in red box with caveat that it remains within the green channel, we can expect onslaught of buying orders to push the price up towards the Centre Line.

If it breaks the green channel into the yellow channel, it will face with onslaught of many sell orders pushing down to the lower trendline of the yellow channel.
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