Can it keep going? Technically, yes. I see numbers up to $40.
However, I'm posting this because I see this idea as far more likely to occur is some form.
It looks like a potential top is about to occur.
At these levels, with momentum, a drop could take price as low as $4. If not lower, down to $2.
It's hard to be bullish on this stock with a chart like this.
In...
If you haven`t bought GRPN before the previous earnings:
Then analyzing the options chain and the chart patterns of GRPN Groupon prior to the earnings report this week,
I would consider purchasing the 16usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $4.50.
If these options prove to be profitable prior to the earnings...
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...
GRPN on the 15 minute chart here with a volume profile overlaid hada high volume area
breakout from mid December to mid January but then retraced and broke down. It
consolidated for one week about the POC line gained some accumulation and then moved
back up again. It broke above the high volume area on January 25th then retested it with
a light touch on...
Breaking out possible soon out of a fish-hook or cup and handle. If GRPN can break resistance at 15 it can fly to 20 and break through til it hits old support levels and resistance at 25.
GRPN went on an incredible run to close out 2023. It's filled the October '23 gap. But, that's 3 times it's gone at the same zone and failed to go through it. All this while forming a nasty negative divergence on the RSI.
If this can hold $12 convincingly, i expect this to revisit sub-$10 come Q2.
In my opinion, this is bearish until it can claim $14.25 and hold it.
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 is quite far away from SMA 200. I can also see head and shoulders formation over here. If valid, profit target would be around 7.50 USD. This level was important in the past. At this level, closer to the SMA 200 I would buy the stock for a long term investment. So the short would kinda speculative for me, long at around 7.5 great entry for 1+ year investment.
Groupon gave us the break, confirmation for a long position, I expect the big boys to give us a discount to around $6-$7, so smart retail can hop on the trend train.
I initially booked this personally earlier at the 6s and 7s but i didnt see profitability from the company and ignoring all the technical factors. those are join the bull RUN!!
short term play can see more upside
Hi traders.
GRPN looks interesting.
The price has been insite the rising wage formation which is bearish.
Let´s wait for the price to retest the resistance line and enter the short position.
Our estimated target is 6.42$.
Enter and stop loss are indicated on the chart.
Good luck!
Groupon hit major Fibonacci circle and bounced at 2.89, touchpoints are very accurate from the beginning to the low. May be a good opportunity to buy. This idea is for entertainment purposes only, please see an investment advisor for any investments.
Groupon, Inc. (NASDAQ: GRPN) is a well-known e-commerce platform where consumers go to buy services, products, and experiences at heavily discounted prices. While the company’s services are attractive to consumers, GRPN stock has been affected significantly by the pandemic – leading the stock to trend downwards since then. At the same time, GRPN has been...
$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...
