Bubba3310

Bubba3310

As all of you know GPRO took a massive tumble this last Friday due to earnings falling short of expectations. However there is a big daily demand level around the $39 dollar level. I would look for a bullish bounce off this level for a short term swing trade.

Bubba3310

With GPRO'S earnings being released on Thursday, I thought it was important for my fellow traders to be aware of the supply and demand levels. I will be looking to short GPRO around the $48.23 Supply level being that it is a major selling off area and it's a fresh level. You can either take the trade off of price action or a simple zone touch.