This IPO speculation is about to be smothered.. Analysis on chart-- a lot of convergence around the 64 level, by any means monitor the 5 wave subdivision of C.
5 waves in GPRO now seems complete. The issue closed the day negative on a 2.5% up NASDAQ day. There are 4 bearish candlestick formations (Evening Star, Hanging Man, Dragonfly, Shooting Star) The primary 3 high was a volume spike and made the new high on declining volume. Looks quite bearish. We can technically confirm when 79.13 is taken out which is the...
See our original blog post published before the start of trading on 10/3: www.syncubate.com $89 seems to have been the line in the sand as a near-term resistance for GPRO on the daily chart after the breakdown in price on 10/2. Price action analysis of the daily versus 30 min chart: 1. Notice how the stock attempted a rebound towards the $89 level on 10/2 after...
SPY setting up here to test new highs IMO
For detailed commentary and analysis, see our blog post published 10/3/14: www.syncubate.com In this post, we'll dissect the stock's surreal run up from the low $50s in the beginning of September to its near-term high of $96.45 on 9/30/14. Our chart as published on our blog represents two time frames of interest to us from a price action standpoint. The first...
5 waves up seems complete in GPRO. We would be technically more certain of that when the low of 4 at 76.22 is taken out and definitely certain when (4) at 63.45 is taken out. According to elliott wave principle 1st waves are usually retraced 61.8 % which stands at 54.46. A bear market lasting at least a few months can be expected in GPRO.
Going back doing some research on the moon pattern cycles I measured the moves for each Growing Moon Cycle and noted that each one takes from 17-14 days to complete. If this pattern holds true, SPY is only 8 days into the Growing Moon Cycle and could possibly set a lower low or test the neckline of last low. Something to keep on watch.
Gpro was up and a seriously bad day for equities. It will continue this direction and maybe find resistance at a Fib Level. Willing to take a small spec short position near the upper end of the range
Looking for swing trade off bottom 120 Min Channel.
I have always been very good at stock picking, this is one of the examples...I think it is a bit extended now for anything but day trading, however this stock is NOT done. watch for good base to enter..use excellent risk management cause what goes up fast comes down fast
GoPro Inc (NASDAQ:GPRO) is on an amazing run again today. This is the third day in a row this stock is surging. Where is the top? Where is GoPro Inc going to be a high reward, low risk short? The answer is revealed by using a method called symmetry of moves. Please note the chart below. This chart shows that when GoPro Inc came public, it had a $21.20 move higher...
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.
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.