GRPN trade ideas
Long from 3.24Lower channel offering support into earnings on 10/31, Put to Call ratio is bullish at 0.20 according to opricot.com
no big moves for awhilethe formation of the H&S strengthens my theory of heading back to trend line. I expect price to touch the resistance one more time before busting through. Won't be for a few years though.
Groupon (GRPN) earnings: is Vouchercloud the hope for the companGroupon reported better-than-expected first-quarter results, as last year’s restructuring is bearing fruit. While streamlining the operation is helping Groupon expand margins, the firm is continuing to increase marketing as a percentage of revenue. It has done so since 2015. Analysts speculate this is because of its lack of network effect and low switching costs, which forces Groupon to continue to increase its marketing spending.
Management upped its full-year guidance due to the strong first-quarter numbers and the accretive acquisition of Vouchercloud in April. The stock barely moved in reaction to the first-quarter numbers, which is concerning to many prospective investors.
www.finstead.com
$GRPNSloppy chart, been playing this some time with some winners and losers
I'm in some speculative shares
GROUPON Short - 5.00 will take a big push to break through.5 dollar mark comes after a day of exceptional volume, approaching a descending trendline, nearing the 200 SMA and at a round number. Exhaustion will occur today - short at 5 bucks and cover at 4.5 before the bulls try again. Simple is good.
$GRPN - easy run up to $4.55 todaySee notes on chart.
MACD just crossed north, Stoch RSI just exited oversold, first prev support (could've turned to resistance) broken easily, next possibly resistance around $4.57
Confluence between prev support, .238 fib line & entry point of Ichi cloud.
$GRPN Long - Oversold + huge buy volume + tested prev supportWent long on $GRPN 's dump today.
RSI dropped below 35 for the first time since June just before a nice run up.
Largest buy volume since fomo hit back at that same time during the increase.
Tested and found support on a previous level (green arrows).
Expecting to see a double bottom tomorrow (Thursday), after some fomo buy up occurs, before continuing north.
GRPN supported by the 20-day moving average, trending higherGRPN supported by the 20-day moving average, trending higher
$GRPN potential inverse H&S & Bull Flag$GRPN seems to be setting up for a big move to the upside. We have a potential inverse H&S forming along with a bull flag.
GRPN shortGRPN needs to cover the gap up and higher up after the earnings.. but the business model isnt sound and the company is loosing money. so eventually it has to come down to the all time low.
GRPN Long Groupon is a small company, but they sure are making conversation about themselves with their product. Room here for a buyout in the future, or we could see continued increased sales and customer connections over time. Price wise I do not see it going much lower in the near future, lots of support in this area and we could see a turn-around soon.
Groupon appointed a new CEO not too long ago and here is what the Ex-CEO had to say about their new leader.
“Aaron has deep, scale ecommerce experience and is a true champion of our mission to become the daily habit in local,” said CEO Rich Williams. “Aaron understands the enormous opportunity that we have in front us and has both the operational and strategic strengths to help expand our marketplace for merchants and customers.”
Cooper first joined Groupon in 2010, serving as chief marketing officer, head of North America Travel and head of North America Goods before assuming his current role in December 2015. In his new role, he will continue to play a leadership role in shaping the company’s ongoing card-linked offers and beauty-booking voucherless initiatives designed to create a more convenient and easy experience for both customers and merchants and improve frequency.
Seems Cooper has not only experience with Groupon already, but experience with marketing.
I think I'll start a long position in this area and look for some upside.
The upcoming ER could be what investors are looking for especially if good guidance is released afterwards.
SL - $2.50
TP - $4.00+
Time to get your groupon $GRPNThis bad boy is set to trigger a daily HS pattern and also break out of a longterm downtrend line.
is this a good potential trade for TF?currently hitting on the previous resistance point, so if this opens higher, it should provide a safe enough risk margin to cover this trade.
