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GOGO INC COM USD0.0001GOGO INC COM USD0.0001GOGO INC COM USD0.0001

GOGO INC COM USD0.0001

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0IYQ trade ideas

BringYourOwnDevice and GOGO In-Flight WiFiBYOD and GOGO two new popular acronyms in text and talk associated with air travel. Most Airlines are ditching the seat-back screens and streaming in-flight entertainment and allowing customers to use the plane’s Wi-Fi network. Gogo (GOGO), one of the largest aviation Wi-Fi providers, pitches its MEDIA SERVER to airlines as a cost-saving measure, noting that the product adds “no more weight than a can of ginger ale” when installed. That’s far less than the combined weight of all those seat-back screens, and shedding valuable pounds is a major focus as airlines worry about long-term fuel prices. Other news, Gogo and T-Mobile (TMUS) teamed up to offer text and voice mail in flight. Rumors are already swirling about GOGO as a possible takeover contender. Although, GOGO is still a new IPO, they've been in the in-flight mobile/wifi business for 20 years. Chart Pattern: Ascending Cup and Handle with a target of $42.26, which is also the 1.272 Fibonacci extension from previous top to bottom. Also outlined possible resistance areas on the way up.
NASDAQ:GOGOLong
by QuantitativeExhaustion
128
GOGO-H&S Bottom, Bull pullback, Fib level; Buy only on bull bar!GOGO is forming the following bullish setups: 1) Head and shoulders bottom, but not yet completed 2) Pullback in a strong bull trend 3) Broke out of trendline, and breakout failed, thus pulling back perfectly to the trendline 4) Price is at a 50% retracement level from the $20 swing high 5) Bull channel and trend in progress This looks like a good setup for a high 1 buy (bull bar closing above prior bar's high in a pullback of a bull trend). If the high 1 fails, look for high 2 ABC correction. I would ONLY buy when the price exceeds the prior bar's high (high 1). If you're aggressive you could buy the right shoulder but it may fall lower. The last pullback was an ABC correction so a high 1 may fail. The highest probability would come from a neckline breakout on a strong bull trend bar (hopefully with no upper tails). We may see a flag/1-bar pullback at the neckline. The next resistance is reached at $20 (red line, prior swing high) which is great for profit taking. If the price breaks through 20, expect a pullback. If the pullback fails and we move higher, the bull channel (pink) may be in place and will establish a nice resistance level. Remember, I am ONLY long on a high 1/ high 2! No position today... watch the close! UPDATE: I don't know why the channel is so high to the upside but it should be touching the trading range in june, july.
NASDAQ:GOGOLong
by mbrennan
1