Failed Head & Shoulder?A head & shoulder for GPRO is observed.
By textbook definition, i should be selling. But i decided to go against the herd and prepared to get hurt.
To add matter worst, i have no cut loss and target in sight yet
Trade ideas
Follow Up Previous Post (11/16 days post)It was much easier then many stocks we follow when it comes predicting right both short and long term technical analysis. 4-trades in 2 months all successful. The short bearish call that we will have another move back to 71 was achieved today, and probably the downgrade or sell rate from the young analyst spooked many investors today which help us achieve that short term target. The company will report at the end of the month and it's going to be very interested. Will the shorts get burned or anyone left holding the bag will be shown the exit one and for all. The company is not bad or in a bad shape when it comes fundamentals and valuations..it's very expensive and not worth $100. If you want a real time alerts, try www.2waytrading.com
GPRO- You can't help but to love bear channelsOne 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, this is strictly for informational and educational purposes only. Trade at YOUR own risk
GPRO Correction Targeting 66 after rebound to 77Having 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).
GPRO Head n ShouldersThis stock looks to have a natural gravitational pull to create a head n shoulders pattern. 71.5-73.3 has bounced last 2 days, if that breaks, which I believe it will, then this chart that resembles that of DDD will be logical enough to cover shorts at that 64 right shoulder level. I do believe it'll then bounce to that 71.5-73.3 before ultimately failing and retesting initial breakout at the 50 level. It should be interesting to see the stock price by lock up expiration
Uptrend continues for GoPro?Channel time again. Yes, channel does fail me at times.
But i am so mesmerized by this uptrend channel that i am compel to take this risk. :-0
Also, i may be wrong, there would be another high, which will coincide with major indices making the NEW high, but by then Gpro will give me a class A bearish divergence where macd & histogram both diverge bearishly.
Exact timing of top is the only thing i can tell.
P.S. My wishful projection.
Follow Up previous Post (Downside momentum is not over)Five days ago, we recommended to short and it looks it paid off, and it was second trade lat 30 days. Still price can go lower from target price provided market remains under pressure. For now good to take profit. Congratulation those who took nice price at 73 zone. If you need real time alert try us www.2waytrading.com
GPRO has 20 points to give 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.
Go Pro for 10/10/14, Its just this simpleThis stock has consolidated at its highs and has since lost momentum but mustered enough strength to hold such lofty levels. The trendlines show today to be make or break. I suspect we finally break under and w/ the small available float, remember 41% is held short, selling will snowball and this stock may not catch itself until the shorts cover at much lower levels. W how stubborn this stock has been, I suspect its become personal and this wont be covered til the 64 level and testing a head and shoulders pattern
GoPro - time to go low, or lowerNoted some negative divergence on the tops of CCI and RSI and MACD turning to a downward trend (same happened in NAS and SP and they are down 5% now). Should be getting lower from here..but it has a magical bull force that kept it up 100% with no ERs so who knows - maybe bulls will keep it up amidst the whole market sell-off. But if goes lower, you know where there sign to sell was. 89-90 is definitely a strong level.
PS - the Gann Swing indicator is close to showing a sell line as well, but i am yet to test and get to try it more (it is tweaked to 5, but on 3 or 4 is stil close to Sell signal)
Gopro Inc -GPRO -Daily -Chris Moody's Gann Swing close to a sellIf you are long, I assume you'll be watching the close today very closely.
GPRO is sitting right on support here - and acting well despite a weak market, but it was down yesterday in a very strong market. So, GPRO is detaching itself from the overall market based on the last two days.
Now the chart just turned yellow as the last is below the stop.... Keep your eyes peeled!
Tim 12:41PM EST 88.29 last GPRO
Time to sell GPRO5 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 first target.
Also correcting the original call which actually turned out to be the top of primary 3.
GOPRO - Time to shortThe move on Gopro is over-extended and I believe it is going to correct. I never trade new stocks, but since Gopro is a new sensation here on TV I thought I'd post a chart. Climactic volume on the Weis Wave, and a false breakout, not too much, and definately not enough for me. Look for 70$, if that breaks, I think Gopro is in trouble and 50$ is coming
What goes up must come down!Since June this stock was up 245% and probably above, and recent 7% one day drop was a kind of reminder that when pundits decide to take profit it will be a brutal so a little guy will decide to hold for the hope that it will come back and that is what happened after all, but you should trade not more than a few weeks. We had a nice profit from that drop, and put another trade well managed option positioning regardless where it goes, you can have a winning trade. Now, recent WS love in this stock may also end a disaster...check out what happened to GTAT and what we said about it. Try us www.2waytrading.com
GPRO: Proof that Charting & Price Action Analysis WorksSee 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 the early morning sell off, but was unable to close above it.
2. Again on 10/3, the stock pushed above $89 in early trading, but was unable to close above it to finish off the day and week.
The stock has had 4 straight green monthly candles since its IPO. On the weekly chart, 7 of the past 8 weeks have been green. Safe to say at this point that some consolidation is warranted going into October options expiration.
Let's see what happens. No doubt an epic run since early September.
For more market commentary and stock analyses, see our blog: www.syncubate.com
Gopro Inc - GPRO - Daily - Time at Mode Sell Signal After a 9-day consolidation, the 9th day of the rally ends today.
A sell sets up at the close for a move back to the mode.
Tight risk, high reward.
Tim 10/3/2014 3:55PM EST
GoPro Goes Berserk 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 is the daily time frame for GPRO going back to mid-July. The second is the 30 minute time frame from 9/23 - 10/2.
This post articulates two reasons for the run up in price, and offers a great example of supply versus demand in effect. For more analyses and commentary on the stock market, check out our blog: www.syncubate.com
5 waves up seems complete in $GPRO5 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.
Follow Up previous post (Primary target hit)A day ago, we posted that huge opportunity presented and it looks our primary target was hit 79.48 today from 94.25 entry. If you want a real time alert try us www.2waytrading.com
Trading is a tough business-How high will it go?No one can tell you but certain technicians can try their best. Down the road there are strategies that can help you make money regardless where it goes from here, but betting against a stock that WS seems in love with, you will only get burned if you don't plan well. FYI we are short from today's high, and hope we win. If you decide to short it get prepared for shocks before you see money, and there are many strategies that can help you no matter where it goes. If you need real time alerts try us www.2waytrading.com
Gopro Inc - GPRO - Daily - Time at Mode says uptrend ends FridayI 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 the final stages of the advance from that 9-day consolidation set to end this Friday, October 3, which is 3 trading days from now.
This method was very useful for calling the top in TSLA earlier this year and many other markets.
Tim 93.70 last GPRO 9/30/2014 4:45PM EST
