Things Are About To Get Real KOLORful - InvestingChannel

Things Are About To Get Real KOLORful

I finally nailed down a good entry on $GPRO (No Hubris) after 3 previous failed attempts. Revenge trading is never a good thing, but when the setup is there, you have to take advantage.

We nailed down the spot on the pullback/gap fill after earnings, now things are about to get real KOLORful. Take a look at the volume profile above for GPRO:

Screen Shot 2015-05-20 at 12.06.23 PM

Thin air to $65-$70.

The daily chart is also ripe to get further into the pocket, see below:

Screen Shot 2015-05-20 at 12.08.06 PM
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And, most importantly, yesterday we had some light shed on future software plans. Hat tip to @VetTechTrader, for the timely comments on twitter– a must follow

Also, on the technical side of things, if you are unfamiliar with volume pockets/profiles, make sure to study this video by Option Addict: PRICE BY VOLUME VIDEO