Jun. 22 at 8:30 PM
$GRPN - see the problem is with charting its up to the chartist. Just of what you showed, I can project each of these charts...
Cup‑and‑Handle
Rim: The prior high near
$18.50–
$19.00 in early April marks the rim that initiated the rounded pullback.
Cup: The curve bottoms around
$13.00–
$13.50 mid‑April, then arcs back toward the rim by late May.
Handle: The tight pullback just under resistance around
$18.00 in early June forms the handle.
Measured move: Cup depth ≈
$5 → projected breakout target ≈
$23 if price clears the rim.
High‑Tight Flag
Flagpole: The impulsive leg from
$13 →
$22 in May shows near‑vertical momentum with expanding volume.
Flag: The subsequent drift from
$22 →
$17 is tight and downward‑sloping.
Target: Add the flagpole height (~
$9) to breakout level (~
$22) → objective ≈
$31.
Ascending Triangle
Resistance: Horizontal ceiling at
$18.00–
$18.50 tested multiple times.
Higher lows: Trendline rising from
$13 →
$16.50 presses into that ceiling.
Measured move: Triangle height ≈
$5 → target ≈
$23.50 on breakout.
Volatility Squeeze / Coiled Spring
Setup: Bollinger Bands compress inside Keltner Channels mid‑June after the uptrend.
Zone: Box the compression between
$16.50–
$18.00.
Arrow: Directional bias remains upward given the preceding trend.
Re‑accumulation Range
Range: Sideways consolidation
$16.50–
$18.50 following the May leg higher.
Volume: Spikes on up‑days hint at institutional absorption.
Projection: Upside markup ≈ previous leg (~
$9) → target ≈
$27.
So with that said yes I am just waiting. Because all look great thanks.
