20.04.2015 - We are waiting for the signal to open positions on shares of Groupon

Groupon's share price has broken through the upper boundary of the local downward channel and reached the resistance level at 7.50, but could not overcome it. In case of fixing the quotations above this level, we expect continued growth to the strong resistance level at 8.33. On the other hand, fixing below the psychologically important level of 7.00, will confirm the signal for the opening short positions with the potential of fall to 6.33 and 5.75. We recommend to wait for a confirmation of the signal for opening new positions.

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