Get started

GoPro (GPRO)

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
Share lock up expiration soon: 50% up or down?There is an Interesting connundrum at the heart of the share lock up situation, one which may tilt the scale one way or the other. If we see a strong breach of the three levels below, we will surely see price plummet to IPO price levels, which at this point is still possible, but not probable. In the chart we can see strong levels of support and resistance and potential scenarios that may unfold soon, post lock up expiry. My bias is bullish for the time being, considering we are back at an accumulation level, where volume was big and price seemed fair for the longest time period. Since there is lower risk going long in my view, I will wait for bullish confirmation. Let's make a poll: are you bullish or bearish on GPRO?
BATS:GPROLong
by IvanLabrie
8
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
$GPRO We cleared some key levels but a bigger move is coming$GPRO We cleared some key levels but a bigger move is coming. Notice the key levels we have passed and every time it has lead us to the next key point. I have made a killing the past 3 days trading the weekly OTM calls. I still have calls expiring Friday and calls expiring 1/2/15. I also grabbed 10 of the 1/17/15 $50 puts for $.43 just before the close today. I believe that if we do not continue to push through this key level we are going to head towards $53 in a hurry. I am overall long, but i am not going to be surprised to see a massive pullback.
NASDAQ:GPROLong
by TravisHoward5
GPro bear call12/12/14 per plan above, GPRO appears more bearish than bullish. Check marks for bear call spread. #1 closed below support. #2 Volume increased #3 Got more than 10% for exactly 2 weeks. #4 EMA’s have crossed bearish. #5 Got a retest gap today on the hourly. We did retest the EMA’s on the hourly and begin to fail. #6 It’s nicely above the prior candles and previous resistance. #7 No divergences and stock is nicely inside the bottom Bollinger band. #8 Spread is above the 100 simple moving average. #9 New black crow (which confirmed bearish trade) on 12/10. I will not even LOOK At this spread, or REMOTELY worry about it unless we get a gap up that traps many people on the hourly and daily and we begin to close above $69.
NASDAQ:GPROShort
by Reallifetrading
5
GPRO to release consumer drones ($500-$1000 ea)"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 $500 and $1,000, according to these people." - Article: online.wsj.com With something along these lines being developed and released into the public, depending on the estimated costs on each drone they might be able to get enough momentum to bring prices back up between $85-$95.. though at the same time if the development is a total fluff like the Phantom Drones than we can easily see prices retrace back down to $51.65
NASDAQ:GPROLong
by zcsniper
3
Resistance Becomes Support & Support Becomes ResistanceTrend 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 to take notice since September of this year. Today is no exception. GPRO ran up on the drone news and has now stalled at the horizontal line. This is not coincidence. This is the way support & resistance & the markets work. Anyone who doesn't think the hype will last probably shorted around $79ish. All I can say to them is "be careful". Anyone who thinks the rise in GPRO's price will continue should just realize that there will be some turbulence around this $79 level. Not to mention that GPRO is up over 5% on the day... Let me also point out that the green uptrend (UT) line and the blue horizontal line will intersect by Monday. If you want to stay long, GPRO should stay above the UT line. If you are already making money, you have the luxury of making minor changes to the UT line like I suggested yesterday. But when you are in a new trade, you can't allow more loses than you were willing to take when you began the trade. If you are thinking short is the right way to play GPRO then you have two lines of reference. 1) If GPRO really is a short, it can't close above the $79ish level. 2) If GPRO really is a short, it should close below the green UT line. The Trend Is Your Friend... Until Its Not. Good Luck and Happy Thanksgiving.
NASDAQ:GPRO
by TheTrendLineInvestor
So you want to Go Pro ???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 to $75ish. But there could be more on the horizon. The break of the red DT line was your hint that the short trade may be over. Now the green UT line is in charge. A long investment here is prudent until the price of GPRO closes below the green UT line. $75ish, $79ish, and $84ish are places to look for a bit of resistance. Remember, when GPRO closes below the green UT line, you should take your profits (or losses) & run. Good Luck! After hours edit - 1) GPRO did close below the green UT line. If you just started a long position you should be out of the trade. 2) If you went long before today, feel free to adjust the green UT line to accommodate today's candles. $73.25 should be your line in the sand so you still have some profits left if / when you get stopped out.
NASDAQ:GPRO
by TheTrendLineInvestor
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
NASDAQ:GPRO
by Amazingpowerpatternguy
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.
NASDAQ:GPROShort
by Bosphorus_Capital
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
NASDAQ:GPRO
by Syncubate