GOGO: found support at ~$18 and took off.

GOGO had a great day, while the rest of the market was being whacked (except also for GPRO and AAPL). It found support at $17.75 (horizontal green lines) and simple took off. The 20d SMA was also right there today and provided additional support. Note that the MACD, not shown here, did not give a…

GOGO: today’s price action cleared up a lot

This morning I alerted my premium members of GOGO when it was at $18.00 and it hasn’t disappointed since. It seems like the 5 waves up for yellow 1 and red i I counted were correct. Today’s price action was impressive and buy-signals are abundant. Using the 1.618x extension for yellow 1 gives us a…

GOGO: new preferred count hits all the right extensions, but…

GOGO is another of I.I.’s favorite, traded it so far successfully. I sold and re-bought this week. However, after reviewing the charts I’ve changed the preferred count, based on how price hit certain fib-extensions perfectly. (click to enlarge) Ideally a 3rd of a 3rd wave, in this case minute iii of minor 3 hits the…

why I sold GOGO today; targets, wave count, technicals.

I sold GOGO today because the 2.000x extension of i is at $17.30. Price hit $17.20 today which is also almost exactly where the 50d SMA runs. In addition, the daily pivot is at $17.08 and the upper BB at $17.55, while the daily RSI(5) is in OB conditions now. Hence, plenty of reasons why,…

GOGO: constructive day, lots of + div on the daily

GOGO broke out of a falling wedge today and the TIs are all positively diverging. Have we finally seen the 2/b low? TIs seem to suggest so. The mid-May gap has been filled, so price can go up again, IF it can get passed the black trendline that has held price in check on the…

To GOGO or NOGO is the question

Well, when I woke up this morning GOGO was down 11+% due to (good!) earnings. When I closed my laptop after the bell, GOGO was “only” down 4.6%, and put in a nice bullish hammer. It also found support at $14 and closed the gap. Nate eludate to this a while back (kudos!!!!) and the…