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 -$0.60.
-The yearly EPS for 2019 was...
Ascending Triangle, confirmed and 100% FILLED
Descending volume during formation
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
R/R ratio above 9
250RSI above 50
PT = 61.13$, filled 100%
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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...
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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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
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
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).