IvanLabrie
Long

GPRO: Strong uptrend!

NASDAQ:GPRO   GOPRO INC
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 ;)
uptrend was pretty strong thank you
+1 Reply
I follow you.
Long now
Reply
Let me update the chart, I haven't been following it lately.
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IvanLabrie IvanLabrie

Dangerous to go long, it will most likely fall today.
Reply
vaicru vaicru
Perfect entry
:-(
Reply
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 IvanLabrie
My perfect entry :(
Reply
Intense selloff today, seems like the volume expansion was actually profit taking.
The short at stop location was a wise idea.
+1 Reply
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
immediate resistance 67.7
breaking this, the projection goes 78.8 , slightly higher than your target.. well you done your analysis
correctly
Reply
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