Saturday, February 11, 2012

11th Feb 2012 – Pattern Study – Late to the Party

Ticker:

 

  1. GRPN

 

Topic:

 

  1. Sometimes it is good to be late to the party.

 

Lesson Learnt:

 

  1. I was late to the party when it rallied up from the triangle formation.
  2. This shows that it is not good to chase after the bus if it has left the station.
  3. The intraday has shown a very good entry point at $20.00 that I have missed again.
  4. The next entry could be very near. Pay extra attention!
  1. The price is now resting on its daily 50MA line. Thing still look healthy.

 

Intraday Chart

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Historical Chart

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