The security follows a downward trend in the short term, under the USD 4.65 resistance area.
The trend is bearish also in the mid-term, under USD 4.65. However, the selling pressure could soon run out of steam. Indeed, whereas the stock shows an oversold condition, the USD 4 support area currently tested might help for a technical rebound in the next trading sessions.
Therefore, the proximity of the USD 3.99 support is an opportunity to go long on Groupon. The first goal is a return in the USD 4.65 resistance area, that is a potential of 10.5%. In fact, the security has to cross this area in order to re-establish a bullish trend in the mid-term. A stop loss order can be placed under the support currently tested.
Groupon, Inc. is a scaled two-sided marketplace that connects consumers to merchants. The Companyâs marketplace is accessible through its mobile applications and its websites, which are primarily localized groupon.com sites in 13 countries. It has two segments, North America and International, and in three categories, Local, Goods and Travel. Local category includes services from local and national merchants, and other local and national merchants, including things to do, beauty and wellness and dining, as well as other services. Goods category includes merchandise across multiple product lines, such as electronics, sporting goods, jewelry, toys, household items and apparel. Travel category features travel experiences at both discounted and market rates, including hotels, airfare and package deals covering both domestic and international travel. The customer can contact the merchant directly to make a travel reservation after purchasing a travel voucher from the Company.
GROUPON, INC. 
