Groupon: 14 August 2012, Tuesday, 10.35pm
(NASDAQ: GRPN)
Groupon, GRPN, Technical Analysis:
Groupon, a failing business: 14 August 2012
From yesterday's close, Groupon (ticker @ NASDAQ: GRPN) will fall for another 50% in price to reach $3.705.
As early as 4 Nov 2012, Groupon was already sold away by those who knew the best in this business.
For another 2 months, Market gave many chances for late investors to run. Unstable volume from May 2012 to June 2012 with a decider downwards means disaster for the stock. Indeed it is on the way for more downside. Price structure remains bearish. Next target is $3.705.
Rating: Strong Sell/Short.
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