GROUPON - time for a rally

This is a chart I have been watching for over a month now and it finally triggered one of the buying scenarios.

I expected a break above the $5.47 key resistance in the previous analysis ( http://markettechnicalview.blogspot.ro/2013/01/groupon-analysis.html ) and this happened yesterday on a relatively high volume.

Add to this fact the support offered by the 50 and 100 day moving average which is a plus for the buyers. Those who are looking to buy can buy the small intraday pullbacks  or can wait for a clear break of the resistance zone and a retest of it as a support.

The first resistance is in the $6.40 but the target is in the $7.90-$9.00.