GRPN is a great example of a company with literally no viable path forward still somehow getting attention from retail traders.
The gap higher on awful -- but beat-the-number -- EPS provides another solid short entry as it spirals toward eventual oblivion.
Narrower-Than-Estimated Loss and a revenue figure that was more than double the analysts' estimate.
GAAP net loss of $2.53 a share, widened from $1.42 a share in the year-earlier quarter.
Revenue declined 26% to $395.6 million from $532.6 million.
A survey of analysts by FactSet produced consensus estimates of a net loss of $4.14 a share on revenue of $183...
Hello all,
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...
Just want to point this out, to show you the importance of placing a stop loss on your trade.
As shown on the chart, Groupon had a false breakout (yellow circle) what, after the retest of the pattern, led to a 15% drop in one day.
This can happen at any chart and is very painful without a stop loss.
This said, I'm getting the feeling that Groupon is now trying...
GRPN
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,
2degreez
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This content is for informational and educational purposes...
nice little ascending triangle formation... And the company has a reason to pop: as new restaurants pop up to replace failed ones, they are in an interesting position to have a bit of a resurgence. Plenty of corporate cash to invest as necessary. Could their be some groupon-delivery-with-uber-eats for the restaurant of the future?
First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I think realistically Groupon could be on a bullish retracement curve pattern-wise and for the next wave could at least expect to hit or maybe even pass that $1.50 threshold. It is one of those stocks that seem to be...
Getting frustrated with myself a little bit.
I dumped NASDAQ:GRPN on Monday because I saw these two hidden Bearish Divergences on the dailys.
This was also when it was testing the 50 SMA resistance and I also noticed consolidation on the boiler bands so I assumed that the resistance would hold and price would go down.
For two days now the price has shot...
NASDAQ:GRPN
We are still showing the same hidden bearish divergence from my analysis of $GRPN last night (Apr 26). RSI:HH Price: LH, but the price made a +12% increase today and candlestick stayed comfortably above the 50 SMA daily resistance.
Seems to be conflicting-any ideas? Would appreciate any constructive criticism of my TA.
All,
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.
NASDAQ:GRPN
Look at this possible Groupon $GRPN hidden Bearish divergence as the price test the 50 SMA. RSI makes as higher high and the price makes a lower low. Indication that price has reached its max and will decrease in the near future.
What does everyone else think?
*Not financial advise as this is my first post ever*
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