timwest
Short

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

NASDAQ:GPRO   GOPRO INC
583 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
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
LudmilaHanania
2 years ago
Tim, can you please do one on STO? Thanks.
Reply
timwest PRO LudmilaHanania
2 years ago
I did a weekly ---- Please consider subscribing to my monthly scripts "KEY HIDDEN LEVELS" as a nice tip for the "homework" :-)
snapshot
+2 Reply
elcololp timwest
2 years ago
Tim, can you help me with this chart http://screencast.com/t/VEDM7rXc ... I cant see the same in tradingview.. why?
Reply
timwest PRO elcololp
2 years ago
CHK is available - https://www.tradingview.com/e/mMhaDOjU/
It came right up for me.
snapshot
Reply
elcololp timwest
2 years ago
yes but head and shoulder isnt the same!
Reply
timwest PRO elcololp
2 years ago
I don't understand your last comment "yes but head and shoulder isn't the same!" ?? Referring to what?
Reply
Syncubate PRO
2 years ago
$89 seems to have been the line in the sand as a near-term resistance for GPRO on the daily chart after the breakdown in price on 10/2.

Did a price action analysis of the daily versus 30 min chart here: http://stks.co/b14s7

Notice how the stock attempted a rebound towards the $89 level on 10/2 after the early morning sell off, but was unable to close above it.

Again on 10/3, the stock pushed above $89 in early trading, but was unable to close above it to finish off the day and week.

The stock has had 4 straight green monthly candles since its IPO. On the weekly chart, 7 of the past 8 weeks have been green. Safe to say at this point that some consolidation is warranted going into October options expiration.

Let's see what happens. No doubt an epic run since early September.
+3 Reply
timwest PRO Syncubate
2 years ago
Nice summary of the stock - This is the kind of analysis I'd like to see here at TradingView. Well done. There is a float turnover chart available that might be useful to look at. It's good to know what % of the float is turning over, especially when looking for short squeezes. Again, nice, thorough summary on your blog Syncubate. Well done.
+1 Reply
Syncubate PRO timwest
2 years ago
Thanks for the feedback, Tim! If you could guide me to the float turnover chart, that would be appreciated.
Reply
timwest PRO
2 years ago
GPRO getting attention from an analyst this morning - raising price target by 75% - Let's see if it can hold the opening gains.
Reply
2use timwest
2 years ago
Recent news are - new camera that is a considerable step up.
Contra news - some companies are planning to release similar cameras.

GoPro can lose some share of its domination in its former monopolized niche. today's close will show how it can hold against 89 indeed.
Reply
timwest PRO 2use
2 years ago
Right - and strong sell through of the new camera. JMP Securities talking it up. (I own a Panasonic HD sport camera - FYI - received as a gift)
Reply
timwest PRO
2 years ago
Hit the stop - Now wait until GPRO can hold above 89 for an entire day.
Reply
2use timwest
2 years ago
I just had the same idea - i think im getting your system better now :)
Reply
timwest PRO
2 years ago
GoPro above 5-day mode from new downtrend
snapshot
+1 Reply
timwest PRO timwest
2 years ago
Today becomes the 5th day after the close. (Technically it is just 4-days as of this moment)
Reply
timwest PRO
2 years ago
Interesting - a wide stop and/or a re-entry was another way to catch this.
snapshot
Reply
timwest PRO
2 years ago
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)
snapshot
Reply
timwest PRO timwest
2 years ago
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
timwest PRO
2 years ago
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 -
snapshot
Reply
2use timwest
2 years ago
If the markets pull back - would be a good entry point. still 13 days to ER to play with this
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out