Whether GRPN goes on to have it's best year, worst year, or just hovers around expectations, $48-$49 confirms path for all of these results.
First - Just some fundamentals that match up with technicals:
-Currently, the market is factoring in an upcoming earnings EPS equal to pre-covid (November 2019) numbers of roughly -$0.60.
-The yearly EPS for 2019 was...
Groupon has developed an interesting setup after the release of good financials.
From Ichimoku's point of view, the value has broken through the cloud upwards in the weekly chart.
In the daily chart, the share reaches new highs under high volume.
For the active traders looking at the next few days, this can be an interesting setup.
Groupon took a big hit in march 2020 when covid became pandemic. Ever since then it has developed a well formed upward channel to 30-40 dollar price range. It has always been in my radar for a recovery play but however I never press the button to open a position until recently it started edged up from $35-$38 just before its earning release. I was hoping the...
Groupon has been a slow bleeding bastard for the past few years. It appears that GRPN is putting in a base. It is kind of sort of showing signs of breaking out. If breakout actually happens - we should see some exciting price action.
It feels like a decaying company but brand name alone is well known and folks still use it. Seems to me that it would be a great...
These are my thoughts on Groupon. They are meant to give you an idea, not trading advice.
broke trend line, could still be a fake out.
In time this gap will get filled.
Be careful, as the market never gives you certainties, only probabilities!
ALWAYS REMEMBER THIS WHEN YOU TRADE
This sequence trade idea of the previous post mentioned in the related idea. It has a U shape (rather C&H) recovery from bottom 19.3 and its break resistance 34.34. As per calculation next resistance is 49.45 (34.41 + 19.37).
GRPN has been in the poop-zone for years. Marginally EBITDA profitable and trading for slightly more than cash on hand, it seems to have found a bottom. But what's different this time around is the re-opening play. With prospects of new restaurants and/or re-openings commensurate with deal-hungry consumers, this could create an environment where we see Groupon...
Here another TA of me, this time on the stock Groupon.
If we take a good look to the chart, we can see the price is trying to break the uptrend. We do see the price is broken the downside of the uptrand channel and has tested this downside line once. What will it do? Anything is possible. Most likely in my opinion is that the price of Groupon is going...
ENTRY = 20 - 21.50
1st Target = 25
2nd Target = 30
HODL Target = 36
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
This content is for informational and educational purposes...
I think Groupon will recover at least x2 what it is now. First to 1.48, if it can break and hold then to around 2.15. I would short it at right about 2.05-2.15 and buy back in once it hits its support and confirms it. Could be good though. Ill update later.
Here are my current thoughts on GRPN:
1) We have completed our first wave structure up and we are currently in a correction pattern before continuing to the upside. Right now it appears to be playing out as an "ABCDE" symmetrical triangle / regular flat pattern.
- If this is invalidated, I have included the possibility for if this becomes a 3-3-5 expanded /...
See notes on chart.
MACD just crossed north, Stoch RSI just exited oversold, first prev support (could've turned to resistance) broken easily, next possibly resistance around $4.57
Confluence between prev support, .238 fib line & entry point of Ichi cloud.
Went long on $GRPN 's dump today.
RSI dropped below 35 for the first time since June just before a nice run up.
Largest buy volume since fomo hit back at that same time during the increase.
Tested and found support on a previous level (green arrows).
Expecting to see a double bottom tomorrow (Thursday), after some fomo buy up occurs, before continuing north.