timwest
Short

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

NASDAQ:GPRO   GOPRO INC
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 -
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2use timwest
If the markets pull back - would be a good entry point. still 13 days to ER to play with this
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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)
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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.
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Interesting - a wide stop and/or a re-entry was another way to catch this.
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GoPro above 5-day mode from new downtrend
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Today becomes the 5th day after the close. (Technically it is just 4-days as of this moment)
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Hit the stop - Now wait until GPRO can hold above 89 for an entire day.
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2use timwest
I just had the same idea - i think im getting your system better now :)
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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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