Trying to Understand My Analysis Mistake for $GRPN
Updated
Getting frustrated with myself a little bit.
I dumped
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 up, broken the 50 SMA resistance and broken through the boiler band consolidation. If I held long I could gave gained by now +24% more in profits which I lost out on.
Does anyone see anything wrong with my analysis? I have only been doing this a month.
I dumped
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 up, broken the 50 SMA resistance and broken through the boiler band consolidation. If I held long I could gave gained by now +24% more in profits which I lost out on.
Does anyone see anything wrong with my analysis? I have only been doing this a month.
Comment
Just realized I extended the price trendlines through today. It was Monday AM when I was looking at this so the lower trendline for price was more of a LH than what you see on this chart.
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