"GoPro Inc. is developing its own line of consumer drones to expand from its core business of making wearable video cameras popular with surfers and other sports enthusiasts, according to people familiar with its plans. The company plans to start selling multirotor helicopters equipped with high-definition cameras late next year, aiming for a price tag between...
Trend lines are a great way to invest. That is only my opinion of coarse. This chart is a 60 minute chart so remember the trend lines may not last as long as those on daily or weekly charts. But horizontal lines of support & resistance can last for a very long time. Take a look at the blue horizontal line. You can see that this $79ish level has been a place...
GPRO just recently offered a secondary. The weakness of a secondary can be a good time to jump in. GPRO is perking up today and has entered the gap from the secondary. If it fills the gap it has to cover 4 more points or 5%. How quickly will it happen? You never know with GPRO... I am willing to admit that the easiest money has already been made from $71ish...
GPRO expected to open around 73.39 trapping short term bullish traders. Expect retest and bounce off of 74.06ish and/or 10 or 20 ema.
Go Pro has done very well, the earnings were very good and has now broken out of the downward channel. A great opportunity to trade this with options or stock itself.
One look at GPRO shows a classic power pattern to always have in your toolbox and that is a BEAR CHANNEL. If you are long its the what to watch out for when it shows up. If you are looking to short? Its the what to watch for- The downside break of the red channel lines that is. Do yourself a favor and memorize this chart pattern. These are not recommendations,...
Having successfully called the top at 89, here's an EW update on the GPRO correction. The wave structure suggests a wave (4) pullback to 77.5, whereafter a final push should take the issue to 66 with wave (5).
This IPO speculation is about to be smothered.. Analysis on chart-- a lot of convergence around the 64 level, by any means monitor the 5 wave subdivision of C.
5 waves in GPRO now seems complete. The issue closed the day negative on a 2.5% up NASDAQ day. There are 4 bearish candlestick formations (Evening Star, Hanging Man, Dragonfly, Shooting Star) The primary 3 high was a volume spike and made the new high on declining volume. Looks quite bearish. We can technically confirm when 79.13 is taken out which is the...
See our original blog post published before the start of trading on 10/3: www.syncubate.com $89 seems to have been the line in the sand as a near-term resistance for GPRO on the daily chart after the breakdown in price on 10/2. Price action analysis of the daily versus 30 min chart: 1. Notice how the stock attempted a rebound towards the $89 level on 10/2 after...
For detailed commentary and analysis, see our blog post published 10/3/14: www.syncubate.com In this post, we'll dissect the stock's surreal run up from the low $50s in the beginning of September to its near-term high of $96.45 on 9/30/14. Our chart as published on our blog represents two time frames of interest to us from a price action standpoint. The first...
5 waves up seems complete in GPRO. We would be technically more certain of that when the low of 4 at 76.22 is taken out and definitely certain when (4) at 63.45 is taken out. According to elliott wave principle 1st waves are usually retraced 61.8 % which stands at 54.46. A bear market lasting at least a few months can be expected in GPRO.
I have always been very good at stock picking, this is one of the examples...I think it is a bit extended now for anything but day trading, however this stock is NOT done. watch for good base to enter..use excellent risk management cause what goes up fast comes down fast
GoPro Inc (NASDAQ:GPRO) is on an amazing run again today. This is the third day in a row this stock is surging. Where is the top? Where is GoPro Inc going to be a high reward, low risk short? The answer is revealed by using a method called symmetry of moves. Please note the chart below. This chart shows that when GoPro Inc came public, it had a $21.20 move higher...
With GPRO'S earnings being released on Thursday, I thought it was important for my fellow traders to be aware of the supply and demand levels. I will be looking to short GPRO around the $48.23 Supply level being that it is a major selling off area and it's a fresh level. You can either take the trade off of price action or a simple zone touch.