12/12/14 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.
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.
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