Wednesday, September 16, 2015

#GPRO Bias Update and Levels for Wednesday, September 16, 2015

#GPRO Bias Update and Levels for Wednesday, September 16, 2015SocialTwist Tell-a-Friend


For GPRO I cannot get bullish until a Daily close above Daily center Sigma +41s, and in order to reach 41s GPRO must first get through resistance at 38s and also get through the low volume area (LVA) just below 40.10.


Unless getting and holding above 41s post the FOMC rate decision GPRO is likely certain to test the IPO price at 28s and possibly lower to the -3Sigma target at 21s once/if breaching below 31.35.


Ethan Premock
Futures & Options Strategist Hamzei Analytics, LLC

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