trade idea

Trade Idea: $GRPN 6/16/2021

by | Jun 16, 2021 | Trades

We want to be SHORT $GRPN below $42.38.  This level has been key support on the Daily and Monthly Chart.  Our first price target will be the 200d sma which currently sits at $37.64.  Below that our second price target comes in at $34.52.

EDGE: Bearish Daily Squeeze, Decreasing RSI, and an early entry signal

Pattern: Head & Shoulders

If the trade triggers we want t set our stop at $43.77 on a daily close


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