For $GRPN, there was never a chance for them to be bullish. Just look at the Ichimoku chart for Groupon. The price level was trading below the kumo most of the time. There was only a small peek in Feb above the kumo and it fell very quickly breaking through various support and even gap… Continue reading $GRPN . There was never a chance.
$GRPN is a good example that one can easily evaluate its business model and decide if it is a good long term hold. Even in the absence of business analysis, we can easily see how once the Ichimoku indicators are formed, all signs point to a bearish downtrend. For those who think it is a… Continue reading $GRPN . The cheap gets cheaper. Target below $10
The Ichimoku indicator is not even fully formed on Groupon ($GRPN) and already we can see that the bearish indicators are aligned: 1. Tenkan sen cuts Kijun sen towards the down side (sharp cut) 2. Price is trading below the leading kumo 3. The leading kumo seems to suggest that it is about to… Continue reading $GRPN . Ichimoku barely formed and it is a bear.