1. Low pole reversal indicator triggered 12/24. Means when a stock dropped from high to so low like from a pole. First Reversal day started . P&F chart has $91 PT.
To give you examples. TNA had this flag on 10/15 at $57, SOXL at $78, SWIR at $24 & many more. I posted these on StockTwits at the time.
2, GPRO can move up & down in a big way. Each move was 40% to 60% from base price using daily chart.
In august from $37.24 to $57.5
In Sept $64 to $98.5
RSI only 50,3 very low. GPRO has rbi 80 90 in the past. A lot of room to move up.
And we saw similar moves down .
Look at weekly chart, A little bit longer time frame, it really moved from $37.24 to $98.47
Fundamental drives stock prices, triggered the big moves.
GRPO is a great growth stock, driving first big move after ipo
Then the shorts using valuation to drive it down
Then October correction.
Then lockup expiration.
Now the fundamental clearly showed GPRO has great growth for years to come.
Analyst just said rev will be in the higher range for next earning release base on channel check. $5M this year, $6M 2015 & big jump to $9M $10M in 2016
This is impressive growth & analyst said GPRO is not expensive .
Both TA & FA are solid to drive GPRO much higher, to even new high just a matter of time. Traders can use ma-50, technical indicators to jump in & out but clearly it's a long term stock based on impressive growth.
We are talking about the bigger implication here.
Does FEYE price $100 make up for your 401K bottom line?
CNBC latest development..
N. Korea to U.S : Major cyberattacks coming.
How crazy is that...just denied this morning
What 's next will determine the longer term stock prices of FEYE CYBR PANW SPLK.
North Korea responded that we must coorporate with them in the investigation of SNE attach or there will be GRAVE consequences. This is just the beginning of the cyberattack war. North Korea is very dangerous as we know.
Our government already said we need to protect our infrastructure, financial systems.
Remember that, cyberattack is not a problem for U.S alone. China , Japan, Russia , etc..globally
Our homeland security said to find the target of the enemies who plan to bomb us. Is much easier then the cyber attackers.
How big is our homeland security budgets, the defense budgets?
What is the cost of SNE as the result of the attack? TGT , Staple ?
Cyber attackers after the big corporations. How many need to beef up their budgets for protection?
We can see the huge and growing demand for cyber security firms.
Merry Christmas to all. I wish you enjoy the holidays with your love ones.
I wish that we will share our opinions using FACTS to help each other rather than attacking posters who have different views. All views are valuable to help us making our investment/trading decisions.
Using the ignore button which I use often when we feel a poster is out of line and add no values.
Focus on the positive side of life and we will be blessed.
Thank you EW employees & management team for a great year.
It's not #1 on my list, I wish Santa will bring to share holders a SPLIT. We believe is the right decision.
I do believe STRONGLY.
Chinese are smart. I keep saying that. They rather eat rice & salt but not driving the price down when they know great future of the company.
Also many big, smart funds own shares.
What is your time frame & your PT for BABA? Thx.
I see great potential but due to fear of lockup expriry. There will be mot many shares any way.
It's a coiled spring.
There are so many good news lately. The latest is Uber, taxi expansion in china. So much more growth in all aspects of BABA business.
This coiled spring pattern when above $107.77 will lead to $114,25
Story will be air globally . CNN FOX Bloomberg, etc
Free marketing for Alibaba. Very good news.