GRPN reports earnings after hours today so we'll be keeping an eye on it to see if anything looks out of place.
Thus far I don't see much that raises suspicions, but we did catch GOOG in the last 15 minutes of the day after no hint whatsoever.
What I do see thus far though is a stock that looks like it's transitioning from a stage 4decline to start the cycle from the start at a stage 1 base.
Longer term (1 day chart) GRPN is seeing the ROC shoot up as the downtrend loses momentum and volume is definitely uncharacteristic. The lateral movement is still very volatile, but base-like.
In white, capitulation, at the two yellow arrows a low of $4.00 which apparently is where stops were hit the second visit there.
This 60 min chart would support the idea of a base under construction and a pretty nasty reading just before capitulation.
This 15 min chart is the only one right now I find a bit strange or interesting, just because of the size of the divergence, the length and placement. I'll be keeping an eye on the intraday trade for anything unusual before earnings tonight.
No comments:
Post a Comment