Large insider buying in GOGO - swing trade opportunityDirector and Major Shareholder bought large amounts of shares over the past week, nice swing trade opportunity.
GOGO trade ideas
$GOGO - About to Blow1. Small falling wedge
2. Below S3 Support
3. Short Float - 57.99%
4. 78.20 Institutional Ownership
5. MACD Signal Cross
6. Oversold RSI - Bullish Divergence
7. Williams %R Buy Signal
8. Climactic Selling over 7 days ago
Under accumulation and down 86%. With massive short float and high tute ownership, there is limited supply and will create a massive short squeeze. Trade idea is August $6 Calls at .35
I'm bullish on this stockWe still in the lower level, i think we gonna stay there for couple weeks, more likely till earnings. We should reverse as we did before around earnings. Plus the company is doing pretty good, revenue is going up, new equipments are being installed.
Channel line / 200 day ma bounceOn trend line support and touched the 200 day moving average. The price has to move up in order to confirm stochastic divergence. Once confirmed, expect a move towards the top of the channel.
Buy: 12.00
Stop: 11.60
Target: 12.81 - 13.55 (6.75% - 12.92%)
jbzstocks.com
GOGO daily chart view - long & shortLeading provider of in-flight WIFI - good news recently - I think a good long investment opportunity - close to support - entry opportunity - I think it can defiantly reach its nearest resistance @ 13.59 which could net you an nice ~9% gain in the ST.
$gogo going up$GOGO done gapped up 17% and above the down trend line from mid 2015. Also put in a solid higher low from the 2016 lows. The average volume on this is lower than I like but this setup looks sweet.
We should see a break in the downtrend. Support seems to be holding. Nice risk to reward with relatively low risk.
GOGO monthly says reversal is inDowntrend followed by a doji and a confirmation candle in Aug month. A definite reversal signs, can go long on some better prices by studying daily prices but all in all anything above $11 is a long term buy for GOGO
GOGO was GONE-GONE but could now be GOING-GOING highercharts shows intraday accumulation, bullish volume spikes and a price breakout above a bullish base with rounded bottom.
GOGONotes on chart. This Gartley could be what's getting in the way of daily Cup and Handle break out.
GOGO Hourly double bottom Daily flagDaily
looks to have formed a flag.
Hourly
Made a double bottom at the end of the daily flag. Stoch and AO both showed divergence. Stoch is once again oversold and since march chart has formed a bigger head and shoulders pattern, so will be watching price action closely for a continuation of the down move. I'm long from 19.
GOGO moving upI like GOGO to move off this current support and make its way to the $27 range which is a mirror in length as shown in Orange and hits a 1.618 if you like your fibo's. Some resistance (or first targets) would be at the old high of $22-ish, and the $24-$25 zone from previous highs and where I think the 1.27 could chew up some momo.
GOGO getting interesting here.RSI started to move up, MACD giving bullish crossover signals, Moved out of a downward wedge. 50DMA , 20DMA almost within touching distance, a close over 20DMA @ 16.74 would be extremely bullish and would also indicate that GOGO is poised for a move higher.
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.
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.
In Between Channels - Possible SqueezeLooking for a pop to the median line of the Up Channel with a $23.50 target. Squeeze Indicator implicates price is condensed and ready to breakout to either direction. Notes on chart.
