Groupon has been going through a rough patch. The share price, which once upon a time was $33, has gone down to $3.45
We believe the sell pressure over GRPN has been overdone!! Although we can still see $3.30 level, the rally is almost imminent. Our initial target price is $3.60. There will be a bit of a resistance at this point. Once it is broken, we will see a spike to $4.
This cannot be considered an investment advice!!