AMBA expected to open at 63.69 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
These are my notes on my other chart about GPRO will follow TWTR's post lock up trend. But this chart is just the GPRO chart. I was hoping that Gpro would flush on the lock up in order to find support on its lower trend lines. Instead we got a rally then a dump. I wanted to see a dump to a trend line then a rally so the trend would now be up rather then down....
(Updated from earlier today because I readjusted the Channel Lines and looks like possible lane divergence on Daily could be setting up) This is a quick follow up to my GPRO will follow TWTR's post lock up trend. I was hoping that Gpro would flush on the lock up in order to find support on its lower trend lines. Instead we got a rally then a dump. I wanted to...
This is a quick follow up to my GPRO will follow TWTR's post lock up trend. I was hoping that Gpro would flush on the lock up in order to find support on its lower trend lines. Instead we got a rally then a dump. I wanted to see a dump to a trend line then a rally so the trend would now be up rather then down. But overall gpro is still following what TWTR did...
I am looking for AMBA to bounce off of its 100MA and lower channel trendline. I do caution that I believe we might see a flush through the MA and trendline before using it as support. With the gpro lock up, we might we support levels flush through before bouncing. I have set up a buy target just below the MA and trend lines between 48-49. I have a tight stop of...
Updated 2-16-15 I did an updated on 2-12-15 but it got tagged as a Twtr and not a Gpro chart. Updated: 2/12/15 This is an updated to my "GPRO WILL FOLLOW TWITTERS PRE-LOCKUP CHART" chart. The major important update here is that I have changed the channel lines that I had before. New Channel in Red: Support around 42: Old Channel in Dashed Black: Support...
Updated: 2/12/15 This is an updated to my "GPRO WILL FOLLOW TWITTERS PRE-LOCKUP CHART" chart. The major important update here is that I have changed the channel lines that I had before. New Channel in Red: Support around 42: Old Channel in Dashed Black: Support around $35. It looks like the new channel has acted as support in the past. Gpro actual bounced off...
I am looking fro GPRO to follow a similar path to Twitter before and after its lock up. Twitter's Earnings before Lock Up Beat: Stock Dropped 10% Gpros's Earnings before Lock Up Beat: Stock Dropped 10%+ Twitter Bearish Stochastic leading up to lock up Gpro has a bearish stochastic leading up to lock up Twitter dropped days leading up to lock up and 14% on...
I am looking fro GPRO to follow a similar path to Twitter before and after its lock up. Twitter's Earnings before Lock Up Beat: Stock Dropped 10% Gpros's Earnings before Lock Up Beat: Stock Dropped 10%+ Twitter Bearish Stochastic leading up to lock up Gpro has a bearish stochastic leading up to lock up Twitter dropped days leading up to lock up and 14% on...
AMBA has been a great charting stock. When it breaks channels and flags it explodes up. Normally I would think it would test it its lower trend line one last time but it is possible with gpro earnings that it rally before that. The short term stoch is yet to be over sold. Thus we could have a perfect set up with a lower trend line and stoch oversold x mark the...
There is more chances that AMBA continue its 10% correction to new low levels , before finding the support
Strong channel, good increasing volume and momentum. A couple of TA-EMO < 0, would indicate an exit time strategy. Which has not happened yet. Buy the bottom of the channel and set a stop on the channel.
Risk to reward ratio. Looking for sharp sell off into our demand area.