jangseohee

GPRO, breakdown from triangle

Short
NASDAQ:GPRO   GOPRO INC
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1
7 days ago, i have a feeling above coming big move because of bollinger band squeeze.
And here it comes.
Short queue triggered at 72.03, 1st target reached at 67.99. Let's see if i can collect more at 2nd target
at 64.78 If so then the symmetrical triangle develop into descending triangle

Comments

If it breaks the descending triangle on a 10M+ volume with a large engulfing bearish candle, can i dare to say waterfall decline?

I find it funny that momentum play of 2013-2014 (GPRO, TSLA, NFLX) are all breaking down at the same time...
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jangseohee AlphaxRx
mmm, which are the two candles that make up the bearish engulfing? 18&19 Nov?
Well, for GPRO, TSLA, NFLX, AAPL, AMZN, GOOG, although i reckon they are part of the components from either COMPQ/NDX index or XLK/technologies sector.. currently the big money are doing sector rotations which is why these feel move in tandem
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