Gopro Inc - GPRO - Daily - Time at Mode says uptrend ends Friday

452 10 14
I hope this chart is self-explanatory.

The more time at one price, the more time for a rally.

Once the market 'disconnects' from a 'mode', then count that many days forward to project a time to exit the trend.

Once the rally time expired, a new consolidation had been building which was a smaller 9 days. The market disconnected from that price and is now in the final stages of the advance from that 9-day consolidation set to end this Friday, October 3, which is 3 trading days from now.

This method was very useful for calling the top in TSLA             earlier this year and many other markets.

Tim 93.70 last GPRO             9/30/2014 4:45PM EST
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Updated chart
+2 Reply
2use timwest
Anticipated this ...and the BABA chart - many of the names closing ugly today, twitter, mobileye
Nice chart, Tim. I have my hesitations about this stock though.

GPRO hasn't really established a foothold in the mid 70s or the low 80s for that matter - it just shot through these levels without much consolidation.

The volume over the past two days has been huge. Notably, today's daily volume was over 30 million shares, but the price of the stock hardly budged. Additionally, it closed below the open price - first significant close in my opinion of this nature in the past seven trading days, given the associated volume surge.

If it pulls back earlier then you anticipate, do you see a potential scenario like TWTR or PLUG playing out here? Recall their climax runs. I believe TWTR dropped $15 in two trading sessions. PLUG lost half its value.
+2 Reply
timwest Syncubate
I'm only predicting a "TIME" for a top, not a price.
+1 Reply
2use Syncubate
PLUG is at a crossover level - it either runs or drops
Gopro has an end?....
+2 Reply
Very interesting, i learn something new everyday. thanks for sharing
+2 Reply
i was just wondering today if was going to grind sideways again, thanks for defining it.
TV users will love this chart, cause I see GPRO is a new sensation around here.
Easy to use
+2 Reply
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