IvanLabrie
Long

GPRO: Strong uptrend!

NASDAQ:GPRO   GOPRO INC
353 12 15
Seems like GPRO             has upside left, closed above the last uptrend mode after expanding range.
Very bullish signals, also a quarterly and yearly EMA crossover today (66 and 253 EMA , Tim West's reccomended periods).

If already long, you can book profits at the targets on chart, 50% and 50%, 25% and 75%, up to you.
you can also trail the stop to protect profits at the mode: 62.25.

Uptrend should at least last until the 27th, but it might find resistance at 72.70, where a key hidden levels' earnings resistance line sits.

Props to Chimbot for spotting these wonderful intermediate term trades, he's been on fire. Do check his work out if you can, his idea is linked here.

Cheers,
Ivan.
Comment: Saved by hedge short under my stop ;)
immediate resistance 67.7
breaking this, the projection goes 78.8 , slightly higher than your target.. well you done your analysis
correctly
snapshot
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IvanLabrie PRO jangseohee
Nice, yeah, that makes sense.
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IvanLabrie PRO IvanLabrie
I'll enter if it doesn't gap up too far today.
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This might turn into a failure short at this rate...I'll hedge my long with a short and a 1 atr stop as follows:

Entry: 61.66
Exit: No TP
Stop: 1 ATR size (11 periods, daily)
1/2 position size
Reply
Intense selloff today, seems like the volume expansion was actually profit taking.
The short at stop location was a wise idea.
+1 Reply
I follow you.
Long now
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Let me update the chart, I haven't been following it lately.
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IvanLabrie PRO IvanLabrie
snapshot

Dangerous to go long, it will most likely fall today.
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Perfect entry
:-(
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Which the failed long?
Or this hedge: "IvanLabrie TOP 10 days ago
This might turn into a failure short at this rate...I'll hedge my long with a short and a 1 atr stop as follows:

Entry: 61.66
Exit: No TP
Stop: 1 ATR size (11 periods, daily)
1/2 position size"?
Reply
vaicru PRO IvanLabrie
My perfect entry :(
Reply
uptrend was pretty strong thank you
+1 Reply
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