Owner of Grok Trade: Bullish Falling WedgeFalling wedges are bullish formations. This is a nice daily Falling Wedge chart and a Double Bottom might be created soon.
See here: www.freeonlinetradingeducation.com
GPRO trade ideas
Huge ending diagonal may be over soonThe overall bearish trend may soon vanish if we get a break above, but todays price actions clearly shows that the bears are still in control. We will have to wait.
Sellers are not done yet but upside momentum is to resumeGood entry if price holds $45.60 with tight stop at recent swing low at $42.65 with target price $55 and PT2: $65 The falling wedge has not been confirmed but looks promising. www.2waytrading.com
GPRO potential popSome slight divergence on Stochs, MACD, RSI. Strong bearish gap should not fill but looks like it might. IF it does, more bullish than bearish. Good R:R
"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
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?
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
GPRO Day Trade Perfect Gap N Go (Brad Reed Feb6,2015)GPRO expected to open at 47.37 for a Perfect Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
GPRO Gap and GoGap down is below support, trapping bullish traders on the daily, hourly, 15 and 5 min candles.
GPRO EARNING/LOCKUP EXPIRATION THESISSort of a repost of an earlier idea. It's just some thinking out loud. We will see how it plays out. It went up on the last (small) and sort of manipulated or "engineered" lockup expiraton. But they put off the big lockup until 2/17ish far as I can tell. I'm not sure many know that. At any rate it will be interesting and I'll be looking for the short/puts in there somewhere between earnings (2-5) and the lockup expiration. Do your own due dilligence.the facts are a bit hard to find on this one. I'm often wrong..well..not so often wrong....but often early.
GPRO - option pain analysis marks a potential reversal point.These marks the potential zone, where the option sellers could push the stock to close. Thus collecting over $15M every week on premium.
I can code this indicator, when the options data is available on TV.
Earnings coming up.
GPRO, at 50% Gann levelGPRO peaks at 98.47, divided that by 2 we get 49.235. What the heck, we are now at this level!!!
I hope you did short some 17 days ago :-)
It has made another lower low with potential divergence in MACD. Besides, i see some panic selling in the volume spike.
Getting ready to Long
Gann was a very good at 50% important level.
Follow Up Post (Last Bearish Pattern Proved to be a reliable)15-days ago we warned that Bearish 3-Gap ups was a worrisome and indeed it proved to be true! Now price may fully retest from Dec low.. the question is will it hold it? If you want to get a real time alerts on this security try us www.2waytrading.com
Gopro - GPRO - Heading down the channel Anticipating a move down the channel targeting the $50.00 zone which is bound to act as psychological support.
$GPRO best trading strategy (Day trading)Recent bearish pattern may give opportunity the short sellers but they need to be very careful here. Recent bounce off from the low $53.77 both volume and price was strong and can last longer than many may suggest. This is a four day bearish reversal pattern. It consists of three consecutive days each gapping higher on the open. After Three Gap Ups the market becomes extremely overbought and ready for the reversal of the current uptrend. If you want to get real time alerts on this security try us www.2waytrading.com
GPRO, Big bull flag vs Downtrend channelAfter a break down from the triangle price found support at the lower channel and rebound (very quickly)
A bull flag will play out if price breaks blue resistance and the break line resistance
$GPRO We cleared some key levels but a bigger move is coming$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.
GPRO Heading HigherChristmas should be the catalyst to life go pro to old highs. I think this stock can be managed well and I am looking at FEB and JULY call options with high OI and volume. Stock purchase is good also, this stock will sell a lot of cameras for Xmas and if it gets it strategy right long term could be viable in the social media content play.
Options are expensive on spreads so look for tight spreads and if using options I use a 20% risk to 40% plus gain.
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.
How the Hero Lock Itself Up Into A SELL SELL SELLGopro (NASDAQ: $GPRO) is down 28% since hitting a peak in the first week of October. A lock up withdrawal of 5.8M to start a charity was a signal that more "downside" was to come. On December 23, just about every share remaining in the lock up (borrowed money) will be made public, thus flooding the market with supply; driving the price down even further. Lean into the Puts two months out. Once Earnings is over, there might be a valuation adjustment to set a fair market value on the market. I'll close when I see a peak gain at 100% in profits. But til then I'm Bearish with a Full House Of Puts, so far in my favor. Read the article in the Business Insider for an explanation on borrowing for shares.
