November 17, 2013

  • Weekly chart shows price closing above the sloping resistance line.
  • Chart 2 and 3 shows price approaching resistance levels. 
  • Crucial support around 14.65 levels. current trend will gain more strength on closing above 15.28 levels.
  • GROUPON Weekend update
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  • Daily chart is showing weakness at 50 Day sma and Daily cloud. Groupon bulls need a cloud breakout to sustain this up move.
  • Weekly chart closing looks bullish as price closed above 20 Week SMA. Bullish hammer continues to work well for Groupon bulls.


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore