GRPN went on an incredible run to close out 2023. It's filled the October '23 gap. But, that's 3 times it's gone at the same zone and failed to go through it. All this while forming a nasty negative divergence on the RSI.
If this can hold $12 convincingly, i expect this to revisit sub-$10 come Q2.
In my opinion, this is bearish until it can claim $14.25 and hold it.
If this can hold $12 convincingly, i expect this to revisit sub-$10 come Q2.
In my opinion, this is bearish until it can claim $14.25 and hold it.