Groupon long position/swing trade idea - $NASDAQ:GRPN

5 Kas 2024

GRPN may be a long from here. It put in a monthly indecision candle last month, along with a relative volume per range signal, after sweeping below a pivot near an area of interest. Also swept under prior weekly low and reversed, heading back toward prior week high.

I've started a tiny feeler position today looking for a potential weekly breakout and run up toward the highs around 19-20 and beyond, perhaps even starting a long run back up to the IPO price. I will tighten and add more if it takes out the weekly high.

Normally in this distribution I would only look for a long if it first dropped to $7.5, and it may still do that or continue lower, but the monthly relvol signal made me want to make an attempt at this one from here. Monthly and quarterly relvol signals tend to lead to the best trends.

12 Şub

Not

I kind of lost interest in this one myself and closed it out slightly in profit. Should still be in profit from the original post, and it seems to be working so far so hopefully y'all will capture some gains on this one that I'm missing out on on this one.

4 Nis

Not

This one really took off after I got out! :)