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 further down. There are 2 areas where i see the price can go to. As mostly always price dont go down or up in one straigth line, so we will have to see for the next days what this stock will do. The line in red is very steep, most likely he will break that small downtrend by testing the downside of the channel. This won't mean right away the bears are gone. It is still possible to make a new lower high even after this steep line is broken. Be careful if you want to step in right now, i do think there is a good chance for lower price levels to get into this stock, if you want to add it to your long term portofolio.
Before you choose to buy and hold a stock, always do your homework on the fundamentals. TA can help you by choosing a good moment and price to buy the stock.
This is just my view and opinion and in the end you always decide for yourself.
Don't ever go blind on someone else his vision, create one for your self!
Have fun and good luck trading. :)
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 further down. There are 2 areas where i see the price can go to. As mostly always price dont go down or up in one straigth line, so we will have to see for the next days what this stock will do. The line in red is very steep, most likely he will break that small downtrend by testing the downside of the channel. This won't mean right away the bears are gone. It is still possible to make a new lower high even after this steep line is broken. Be careful if you want to step in right now, i do think there is a good chance for lower price levels to get into this stock, if you want to add it to your long term portofolio.
Before you choose to buy and hold a stock, always do your homework on the fundamentals. TA can help you by choosing a good moment and price to buy the stock.
This is just my view and opinion and in the end you always decide for yourself.
Don't ever go blind on someone else his vision, create one for your self!
Have fun and good luck trading. :)