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Long GPRO: Channel within a Wedge within a Channel. Lane Diverg?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. But overall gpro is still following what TWTR did post lock up. What I am still waiting for is for a lower trendline bounce in order to start a new upward trend. I think we are coming very close to that range. How have we followed TWTR lock up. 1) Both Had Earnings beats and dropped rather then rallied. 2) After the drop on earnings both had a small rally that failed. Twtr rally came right after lock up and gpro had its rally right on lock up. That was the main difference on when it happen but both had a pop and then a entrancement back to the lows. 3) Twtr slowly grinded downward to his lower trendline again before popping out of a tight channel. Gpro is now stuck in a tight channel as well and I am looking for it to to break to the upside of this channel after hitting close to its lower channel line range of $40-41. We currently have a Channel within a Wedge within a Channel X mark the spot coming up. Channel 1: a really right channel from the small rally we just had Channel 2: A bullish wedge pattern. Usually downward wedges break out to the upside Channel 3: The overall larger channel & old support line back to the IPO days I am looking to get down close to these trendline before moving up. The main point is I am trying to find catch the bottom here before we grind up to the large channel upper channel line. That bottom could be in now because we are close. Could be in on the X mark the spot or even a trap door below the support lines I have but the bottom is coming and a buying opportunity is to be had. FYI: AMBA earnings are next week. I am looking for a beat on their earnings. However, I am looking for it to move the stock one way or another. If AMBA drops out we might see some of these trendline fail...if they beat the bottom could be in on GPRO. It looks like the bottom will be in on Gpro at the latest next week. Finally, look for a Lane Divergence on the daily to possibly play out. If it does we are setting up great
NASDAQ:GPROLong
by MaddogKagan
Updated:GPRO WILL FOLLOW POST TWTR LOCK UP TREND.LaneDivergence?(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 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 post lock up. What I am still waiting for is for a lower trendline bounce in order to start a new upward trend. I think we are coming very close to that range. How have we followed TWTR lock up. 1) Both Had Earnings beats and dropped rather then rallied. 2) After the drop on earnings both had a small rally that failed. Twtr rally came right after lock up and gpro had its rally right on lock up. That was the main difference on when it happen but both had a pop and then a entrancement back to the lows. 3) Twtr slowly grinded downward to his lower trendline again before popping out of a tight channel. Gpro is now stuck in a tight channel as well and I am looking for it to to break to the upside of this channel after hitting close to its lower channel line range of $40-41. We currently have a Channel within a Channel within a Channel X mark the spot coming up. Channel 1: a really right channel from the small rally we just had Channel 2: A bullish wedge pattern. Usually downward wedges break out to the upside Channel 3: The overall larger channel & old support line back to the IPO days I am looking to get down close to these trendline before moving up. The main point is I am trying to find catch the bottom here before we grind up to the large channel upper channel line. That bottom could be in now because we are close. Could be in on the X mark the spot or even a trap door below the support lines I have but the bottom is coming and a buying opportunity is to be had. FYI: AMBA earnings are next week. I am looking for a beat on their earnings. However, I am looking for it to move the stock one way or another. If AMBA drops out we might see some of these trendline fail...if they beat the bottom could be in on GPRO. It looks like the bottom will be in on Gpro at the latest next week. Finally Look for a Lane Divergence on the daily to possibly play out. If it does we are setting up great
NASDAQ:GPROLong
by MaddogKagan
Long GPRO will Follow Post TWTR Lock Up Trend RevisitedThis 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 post lock up. What I am still waiting for is for a lower trendline bounce in order to start a new upward trend. I think we are coming very close to that range. How have we followed TWTR lock up. 1) Both Had Earnings beats and dropped rather then rallied. 2) After the drop on earnings both had a small rally that failed. Twtr rally came right after lock up and gpro had its rally right on lock up. That was the main difference on when it happen but both had a pop and then a entrancement back to the lows. 3) Twtr slowly grinded downward to his lower trendline again before popping out of a tight channel. Gpro is now stuck in a tight channel as well and I am looking for it to to break to the upside of this channel after hitting close to its lower channel line range of $40-41. We currently have a Channel within a Channel within a Channel X mark the spot coming up. Channel 1: a really right channel from the small rally we just had Channel 2: A bullish wedge pattern. Usually downward wedges break out to the upside Channel 3: The overall larger channel & old support line back to the IPO days I am looking to get down close to these trendline before moving up. The main point is I am trying to find catch the bottom here before we grind up to the large channel upper channel line. That bottom could be in now because we are close. Could be in on the X mark the spot or even a trap door below the support lines I have but the bottom is coming and a buying opportunity is to be had. FYI: AMBA earnings are next week. I am looking for a beat on their earnings. However, I am looking for it to move the stock one way or another. If AMBA drops out we might see some of these trendline fail...if they beat the bottom could be in on GPRO. It looks like the bottom will be in on Gpro at the latest next week.
NASDAQ:GPROLong
by MaddogKagan
Long AMBA...Looking for Bounce off of 100MA and Lower TrendlineI 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 47 because it is possible that we break total down in the near term. This is a high risk trade. If we do bounce I think we get back up to the 50MA range for a retest
NASDAQ:AMBALong
by MaddogKagan
"UPDATED" GPRO WILL FOLLOW TWITTERS PRE-LOCKUP CHARTUpdated 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 around $35. It looks like the new channel has acted as support in the past. Gpro actual bounced off of this trendline two days ago. Its hard to know which channel wall street will respond to but it seems that the new trendline has acted as support before Change in Approach: I am no longer expecting a breakdown all the way to $35. I am looking for about a 10-14% pull back taking us to an X mark the spot point at $40 which would have the lower channel line and support line meeting. Combining 2 support lines and being oversold in the stochastic and a volume profile support at $42, makes us in perfect range for a bottom and bounce. It is possible we not flush through on the expiration which would be great because that means gpro has some good strength but if we do I see that 39-41 as being great entry points. Like the Twitter chart...I would expect weak hands to be pushed out...meaning I believe support will be broken temporary before bouncing. Look for a chart break down then look to make your entry. -End Update 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 lockup Gpro dropped days leading up to lock up and ? on lock up Twitter bottomed out shortly after lock up and bounced off of a lower channel trendline Gpro has a lower channel trendline that it too could possible bounce off of. I am looking for the lower channel bounce if we get down there Twitter had a oversold stochastic rotation right after lock up and bounced I am looking for Gpro to have a stochastic rotation Final Key: Twitter bounced off of the lower trendline and short term target was upper channel trendline I am looking for Gpro to bounce off of the lower trendline and have a short term target of the upper trendline channel
NASDAQ:GPROLong
by MaddogKagan
GPRO WILL FOLLOW TWITTERS PRE-LOCKUP CHART "Updated"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 of this trendline two days ago. Its hard to know which channel wall street will respond to but it seems that the new trendline has acted as support before Change in Approach: I am no longer expecting a breakdown all the way to $35. I am looking for about a 10-14% pull back taking us to an X mark the spot point at $40 which would have the lower channel line and support line meeting. Combining 2 support lines and being oversold in the stochastic and a volume profile support at $42, makes us in perfect range for a bottom and bounce. It is possible we not flush through on the expiration which would be great because that means gpro has some good strength but if we do I see that 39-41 as being great entry points. Like the Twitter chart...I would expect weak hands to be pushed out...meaning I believe support will be broken temporary before bouncing. Look for a chart break down then look to make your entry. -End Update 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 lockup Gpro dropped days leading up to lock up and ? on lock up Twitter bottomed out shortly after lock up and bounced off of a lower channel trendline Gpro has a lower channel trendline that it too could possible bounce off of. I am looking for the lower channel bounce if we get down there Twitter had a oversold stochastic rotation right after lock up and bounced I am looking for Gpro to have a stochastic rotation Final Key: Twitter bounced off of the lower trendline and short term target was upper channel trendline I am looking for Gpro to bounce off of the lower trendline and have a short term target of the upper trendline channel
NYSE:TWTRLong
by MaddogKagan
GPRO will follow Twitters Pre-lockup ChartI 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 lockup Gpro dropped days leading up to lock up and ? on lock up Twitter bottomed out shortly after lock up and bounced off of a lower channel trendline Gpro has a lower channel trendline that it too could possible bounce off of. I am looking for the lower channel bounce if we get down there Twitter had a oversold stochastic rotation right after lock up and bounced I am looking for Gpro to have a stochastic rotation Final Key: Twitter bounced off of the lower trendline and short term target was upper channel trendline I am looking for Gpro to bounce off of the lower trendline and have a short term target of the upper trendline channel
NASDAQ:GPROLong
by MaddogKagan
1
GPRO Bullish After Lock Up: Similar to Twitter LockUp ChartI 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 lockup Gpro dropped days leading up to lock up and ? on lock up Twitter bottomed out shortly after lock up and bounced off of a lower channel trendline Gpro has a lower channel trendline that it too could possible bounce off of. I am looking for the lower channel bounce if we get down there Twitter had a oversold stochastic rotation right after lock up and bounced I am looking for Gpro to have a stochastic rotation Final Key: Twitter bounced off of the lower trendline and short term target was upper channel trendline I am looking for Gpro to bounce off of the lower trendline and have a short term target of the upper trendline channel
NYSE:TWTRLong
by MaddogKagan