GoPro another nice buying opportunity
Updated
Hi traders,
Last time we made great profits buying GoPro.
This is again a very nice long chance. Bulls are in the process of forming a big bottom.
I am expecting this to become another higher low on this chart.
We are now exactly on the 100 and 200 DMA and this is a nice "buying the dip" example on the bottom of the channel. I am personally seeing fundamentally good chances to see higher prices on gopro over the coming weeks and months, but of course as always nothing is sure thats why there is a stop loss below 8$ right now.
I am planning on leaving this position for a big move to the upside at least to the channel top, and maybe more if there is a good newsflow.
Blessings to you all.
Last time we made great profits buying GoPro.
This is again a very nice long chance. Bulls are in the process of forming a big bottom.
I am expecting this to become another higher low on this chart.
We are now exactly on the 100 and 200 DMA and this is a nice "buying the dip" example on the bottom of the channel. I am personally seeing fundamentally good chances to see higher prices on gopro over the coming weeks and months, but of course as always nothing is sure thats why there is a stop loss below 8$ right now.
I am planning on leaving this position for a big move to the upside at least to the channel top, and maybe more if there is a good newsflow.
Blessings to you all.
Trade closed manually
I closed 70% of this position at 10.40$ for +15% and moved stop for the remaining position to breakeven letting it run for big targets.GoPro will release soon earnings in the coming days, it would be unwise to leave the position unguarded.
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