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.
Barrons & all the articles I read so far did not mention how undervalued GILD. PEG is only .46
They did not compare this with other biotech stks GSK PFE, etc that are trading at twice to 5 times higher.
GSK has PEG. 4.73
PFE PEG 10.37
So GILD is trading at PEG .49
To compare with GSK GILD should be trading 10 times higher.
Ok, fear of discount revenues? , cut in1/2 the trading 5 times higher than current price..unreal.
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.
Gary Smith, the chart man . He is very well known on wall street. On Bulls & Bears show just recommended
GPRO for 30% upside.
Re recommended AAPL when it was very low saying 50% upside. It's even higher than that now.
Happy new year and good luck to all.
Maybe EVIL can not see herself in the mirror!
You are not human! Enough posters said that about you for many years.
Be rich and go ro another planet!
Do not want to waste my time.
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.
Lockup expiration for CYBR coming next month. Insiders counting minutes to sell and buy their dream cars, houses.
Look at GPRO. $98 high and now $45.
See valuation for CYBR? Forward PE only almost 180. PEG 38.5 , 2 is about right for tech stocks.
So be careful. Nothing grows all air. Up over 100% in a few days.
When insiders sell will drop quickly. See low yesterday $57.75 for CYBR.
CYBR is very scary.
I prefer FEYE, great buyout potential and a lot lot cheaper.
Good luck to all.
I am sure Elon' s people watched the show.
Can't wait for Elon to twit.
Cramer accused Elon and the company in a very bad way.
After investors conference yesterday, EW received a number of upgrades
EW to $150 when mrkt stronger.
Holding extremely well in a deep red market.
Ieve that split coming soon.
I watched the show weekly on Saturdays for years. Need cable TV.
I don't think they have a written summary.
How about search google and go to Fox Business channel. They will replay this weekend.
Gary also said to buy SPY when market low too. He is extremely good. I believe he has a service that we need to pay for his recommendations. Each weekend, he makes 1 free recommendation for viewers.