I hope this chart is self-explanatory.
The more time at one price, the more time for a rally.
Once the market 'disconnects' from a 'mode', then count that many days forward to project a time to exit the trend.
Once the rally time expired, a new consolidation had been building which was a smaller 9 days. The market disconnected from that price and is now in...
Another new all time high for GoPro Inc (NASDAQ:GPRO) seems to be the phrase every single day. The maker of action and adventure cameras is defying all the odds and destroying anyone who has been able to short this name. However, as we know what goes up must come down and GoPro Inc (NASDAQ:GPRO) will prove to be no exception. You might be wondering where are the...
Been watching GPRO the last couple of weeks... kicking myself for not going long but I think there's a lot to be gained on the downside if you can be patient for confirmation. Today the float was flipped on what appears to be a short squeeze from hell, where +40% of the float is short. IMO this type of buying pressure can last for weeks but is not sustainable and...
GPRO is a classic example of what to avoid if you are overall bearish. Always short the stocks that have given at least 3 reasons on a chart.GPRO has none so far. I will revisit when close to the insider lockup expiration.
GoPro Inc (NASDAQ:GPRO) has been one of the hottest stocks around lately and has gone parabolic. I advised traders and investors that this equity was going to $71.15 (read here). Today GoPro Inc (NASDAQ:GPRO) got as high as $70.90 just shy of my target. This name is very volatile and if today is indeed the top then we could see a massive drop. There will be...
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
Shares of GoPro Inc (NASDAQ:GPRO) are moving up nicely to the tune of around 7% today. The camera and accessories/social media company, is up today as a brokerage firm has initiated coverage on it. GoPro Inc (NASDAQ:GPRO) has been on a tear ever since its stock began trading in the open markets back on June 26. This equity is up well over 100% from its low of...
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...
Pretty decent dump after earnings lets see if it can find a bottom inside the range. Going into the bell with this long over weekend will see how we open up Monday:)
See chart annotations
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.
GPRO a popular camera company who will also move into content has set up a nice base albeit short time. Some IPO companies don't wait and run- this stock would give me a buy signal breaking above the downward trend line, especially with volume and commitment.
Was short on go pro all last week, even today when it broke upwards. So was right for the most part and today I realized you gotta switch sides to keep with the trend :)
