Analyzing the options chain and the chart patterns of GRPN Groupon prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2023-11-10,
for a premium of approximately $1.52.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward...
$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...
$GRPN Target 45.34 for 28.12%
Or next add at 25.44
Next support is at 18.54 (Double)
HA... GRPN just knockin' down all kinds of supports. So funny to me when this happens on good earnings...
Should swing well from here...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target...
$GRPN Target 47.21 for 26.70%
Or next add at 29.79
Well damn, groupon... if that's the way it's gonna be then I'm just going to add here.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every...
$GRPN Target 49.06 for 25.44%
Or next add at 34.94
No add, just cheering 🥳
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed...
$GRPN Target 49.06 for 25.44%
Or next add at 30.17 (6 month low)
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels…
I start every position with .5 - 1% of my account and build from there as needed and as possible....
$GRPN Target 52.47 for 23.4%
Or double position at 32.57
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before...
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
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 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...
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).
