IvanLabrie
Long

GPRO: Strong uptrend!

NASDAQ:GPRO   GOPRO INC
353 12 14
a year ago
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.
a year ago
Comment: Saved by hedge short under my stop ;)
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
jangseohee
a year ago
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
a year ago
Nice, yeah, that makes sense.
Reply
IvanLabrie PRO IvanLabrie
a year ago
I'll enter if it doesn't gap up too far today.
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
Intense selloff today, seems like the volume expansion was actually profit taking.
The short at stop location was a wise idea.
+1 Reply
vaicru PRO
a year ago
I follow you.
Long now
Reply
IvanLabrie PRO vaicru
a year ago
Let me update the chart, I haven't been following it lately.
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IvanLabrie PRO IvanLabrie
a year ago
snapshot

Dangerous to go long, it will most likely fall today.
Reply
vaicru PRO vaicru
a year ago
Perfect entry
:-(
Reply
IvanLabrie PRO vaicru
a year ago
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
a year ago
My perfect entry :(
Reply
Vincent121
a year ago
uptrend was pretty strong thank you
+1 Reply
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