Updated 2-16-15

I did an updated on 2-12-15 but it got tagged as a Twtr             and not a Gpro             chart.

Updated: 2/12/15

This is an updated to my "GPRO WILL FOLLOW TWITTERS PRE-LOCKUP CHART" chart.

The major important update here is that I have changed the channel lines that I had before.

New Channel in Red: Support around 42:
Old Channel in Dashed Black: Support around $35.

It looks like the new channel has acted as support in the past. Gpro             actual bounced off of this trendline two days ago. Its hard to know which channel wall street will respond to but it seems that the new trendline has acted as support before

Change in Approach: I am no longer expecting a breakdown all the way to $35. I am looking for about a 10-14% pull back taking us to an X mark the spot point at $40 which would have the lower channel line and support line meeting. Combining 2 support lines and being oversold in the stochastic and a volume profile support at $42, makes us in perfect range for a bottom and bounce.

It is possible we not flush through on the expiration which would be great because that means gpro             has some good strength but if we do I see that 39-41 as being great entry points.

Like the Twitter chart...I would expect weak hands to be pushed out...meaning I believe support will be broken temporary before bouncing. Look for a chart break down then look to make your entry.

-End Update

I am looking fro GPRO             to follow a similar path to Twitter before and after its lock up.

Twitter's Earnings before Lock Up Beat: Stock Dropped 10%
Gpros's Earnings before Lock Up Beat: Stock Dropped 10%+

Twitter Bearish Stochastic leading up to lock up
Gpro             has a bearish stochastic leading up to lock up

Twitter dropped days leading up to lock up and 14% on lockup
Gpro             dropped days leading up to lock up and ? on lock up

Twitter bottomed out shortly after lock up and bounced off of a lower channel trendline
Gpro             has a lower channel trendline that it too could possible bounce off of.

I am looking for the lower channel bounce if we get down there

Twitter had a oversold stochastic rotation right after lock up and bounced
I am looking for Gpro             to have a stochastic rotation

Final Key:
Twitter bounced off of the lower trendline and short term target was upper channel trendline
I am looking for Gpro             to bounce off of the lower trendline and have a short term target of the upper trendline channel
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