Groupon and finding the bottom.

I haven’t  posted in awhile but  over past 2 weeks have  seen people ask  “how  do you know  when to buy gap downs  from an earnings gap”.  On the chart  GRPN I  will show you a way that works many times.  Both  down slanted lines are parallel. The bottom line is anchored at  the previous group of  highs as here in the middle of November. Notice how it also just goes under the sideways movement in December. This is quite common. I suggest  never rely on flat lines for this, it is a good way to get into trouble.


About ketchemandfleezem

I like to call tops and bottoms in the market.
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