January 11, 2014

Groupon weekend update

  • Weekly chart shows a bearish engulfing pattern. 
  • Daily chart shows MACD bearish signal which need price to trade below the support levels and 20 Day moving average.
  • Bearish engulfing in weekly chart needs confirmation. Daily chart has to trade below 20 SMA for the weekly chart to confirm bearishness. 

No comments:

Post a Comment