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...
Potential gain:85%
Reward/Risk:+7
Timeframe: <100 days
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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Gap overhead that may cause resistance. Gaps can provide support when under price.
Series of cup and handles on yearly with faileure to break out. Long term downtrend. Trends can change but I doubt it will be easy.
Not a recommendation
Be safe
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...
Since March, GRPN reached this support level 3 times, in the last 2, it was followed by a 267% and 138% bullish rally! keep it on your watch list for another possible bold move!
Started accumulating awfully cheap leap calls 25 strike going out a monthish. This chart is what traders are talking about when they refer to managing risk. Imho with the holidays coming, as well as other fundamentals, this 21 area may be a good place to start a long position. Do your dd. Looks like hedge funds seem to agree
MANAGE RISK. One to watch if support holds. GRPN could be a high payoff reward if managed correctly. As shown this chart has looked similarly in the past couple months.
8/26 was reversal bear bar with long shade and the high touched the bull trend channel line. Also, 8/26 high is close to 7/8 high. put the short stop entry right below 8/26 low and stop loss is right above 8/26 high.
