We came into the day looking for an entry in $GPRO off a decent earnings report and favorable technicals. In the chat room, inside Exodus, we placed a buy order just under $12, as the short term moving average, 9MA, was holding price put. Rather than buy the opening range break, which most day traders look for, we anticipated the break. Here’s a look at the intraday chart, with our trade detail:
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Currently, the stock is running, up over +14% the day, and we still have a full position on. If you are interested in learning how to trade similar setups, come check us out in the chat room HERE.
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Alert in chat: Sold 1/2 $GPRO @ 13.10, +1.11. Will stop out the rest at my entry, otherwise let it run.