GoPro Warned in October

By | December 11, 2014

GoPro (GPRO) has been breaking down hard over the past several days. We warned about taking a position in GPRO back in October. Our reason was that Twitter momentum was painting a negative divergence and we needed to see price shake out and create a positive divergence. Here’s the chart we posted on 10/13/14.

Subscribers to Trade Followers have been able to track momentum over the past two months. They’ve seen Twitter momentum moving higher, but not creating a clear buy signal (momentum break down trend after a positive divergence). Price is now falling and momentum is confirming the fall. As a result, we’re still waiting for a positive divergence and a subsequent break of the down trend before considering a long trade.


Add Comment Register

Leave a Reply

Your email address will not be published. Required fields are marked *


* Copy This Password *

* Type Or Paste Password Here *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>