2use
Short

GoPro - time to go low, or lower

NASDAQ:GPRO   GOPRO INC
Noted some negative divergence on the tops of CCI and RSI and MACD turning to a downward trend (same happened in NAS and SP             and they are down 5% now). Should be getting lower from here..but it has a magical bull force that kept it up 100% with no ERs so who knows - maybe bulls will keep it up amidst the whole market sell-off. But if goes lower, you know where there sign to sell was. 89-90 is definitely a strong level.

PS - the Gann Swing indicator is close to showing a sell line as well, but i am yet to test and get to try it more (it is tweaked to 5, but on 3 or 4 is stil             close to Sell signal)
Target clear - i would sell some shorts now. But hold more, if technicals are not lying, it has a huge room to go lower, some still on top positions but as it is a new IPO, they are not that correct.
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2use 2use
They didnt..and earnings loom. Would be a massive play as it is first earnings...and so far the price has been declining. For those who believe in the stock it is a good entry point
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Since I have been drawing forks, something else i have noticed is how they can be drawn on the the RSI to project the future. This one is projecting a move lower soon. Just look for the consensus of the pivot form overbought to oversold and visa versa. With the many exaggerated data points I a kinda like the 7 for this . In my world there is room for both 7 and 21. :)
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2use littleriver
The fork for one timeframe applies to another time frame? i need to retry using TA to indicators, see what happens :) thanx for the idea !
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Price data yes. These indicators not so sure about. I do most of my forks for price on weekly charts. Then trade the daily. The major dominant trends are easier to identify and chart.
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2use littleriver
Which ones do you think are the best to tell the place to get in?
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That would depend on the trader. Tim Morge advocates to enter on the retest of the upper MLH of the first up looking pitchfork. I like how this is happening in conjunction with the 21 as it breaks the trend line and fails the retest. This is where I am comfortable.
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I forgot to mention there is no mid line on the regular RSI. Chris's has this option. I added one to my chart by using a parallel channel line.
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Here are the bones of the chart I posted . Tim prefers structure this is happening against, Here we have nothing but the retest . The retest has a higher chance of success according to Tim.
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littleriver littleriver
snapshot
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