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GPRO trade ideas

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
GPRO - About to Turn UpGPRO is down 54% since the beginning of October. It has consolidated in a downward wedge and is now sitting on significant support - retesting the price where it first reported earnings in August 2014 & its .236 Fibbonaci retracement, while nudged against TL support. RSI shows a bullish divergence since mid-December and is forming a rounding pattern. High probability trade setup. Entry at $44.75. First target is $53.5 with further upside to $63 (yellow boxes = acceptable profit zones). 2.26.15 - 9:55am EST
BATS:GPROLong
by DavideG
1
"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 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 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.
NASDAQ:GPROShort
by chartmojo
7
$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
NASDAQ:GPRO
by Xafada
1
$GPRO We cleared some key levels but a bigger move is coming$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