Gopro Inc - GPRO - Daily - Time at Mode Sell Signal

590 21 9
After a 9-day consolidation, the 9th             day of the rally ends today.

A sell sets up at the close for a move back to the mode.

Tight risk, high reward.

Tim 10/3/2014 3:55PM EST
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The 9-day consolidation was also a TAD HIGHER - and that is where GPRO touched. This is the kind of mistake that a computer wont make -
2use timwest
If the markets pull back - would be a good entry point. still 13 days to ER to play with this
Here's another view with the 3 ATR's (Not drawn perfectly, by the way - each one should be 6.22 pts above the close of the 9th day)
timwest timwest
You can see the RISK is about equal to the reward, but if you are right 60% of the time, it is a good system.
+1 Reply
Interesting - a wide stop and/or a re-entry was another way to catch this.
GoPro above 5-day mode from new downtrend
+1 Reply
timwest timwest
Today becomes the 5th day after the close. (Technically it is just 4-days as of this moment)
Hit the stop - Now wait until GPRO can hold above 89 for an entire day.
2use timwest
I just had the same idea - i think im getting your system better now :)
GPRO getting attention from an analyst this morning - raising price target by 75% - Let's see if it can hold the opening gains.
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