30 minute chart. Experimenting with a couple indicators I'm not too familiar with yet. The Aroon down has just started pointing downwards and the smoothed Williams %R (just the normal %R with an 7 tick EMA applied to it) looks ready to climb out of the over-sold area. The closest resistance and support lines are shown (8.35 and 8.13) and short term trend line in blue.
Triple top, and a pullback into support. Now waiting for breakout of 7.25
I published this chart yesterday, but it is linked to the SPY. So I am republishing it. Earnings are out in 7 days, so keep that in mind. Unless you can handle the big GAP moves that GRPN has on earnings days, then stay out. You can see how HUGE the moves are on earnings days. Cheers. Tim 2:47PM EST 7/29/2014 6.32 last -0.07
Huge volume and support above $5. I think investors are loading up for a bigger rebound in the second half of this year
Retesting breakout area, nice area to long with tight risk
Last week, I spotted a bullish trend in GRPN and predicted a break above $6.50 = Confirmed This week, l'm looking for a test between the support and resistance lines
I can see the go upwards in a side ways fashion, stuck in this channel until good news rumors or tweets, will be playing JUL 7.00 calls only
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A bit of relief could come but not too long- a true reversal would likely take place much lower. I do not think- at this point- the gap will be filled soon.