GPRO an additional 25% increase...GPRO an additional 25% increase. I expect a further rise in the exchange rate. The current area is bounded by two ATR axes. In my experience, these ATR axis limits can be suitable support resistance axes for further rising motion. In the area delimited by the two axes, waves may develop. If my theory is correct, the exchange rate target price can be 8.41 usd.
GoPro (GPRO)
This is how TA worksGo Pro breaking the downtrend channel it has been in for a long time. Goes down to retest it. Rsi is signalling bullish divergence while TD sequential is giving a 9 reversal. %50 profit after a few weeks. 3 different types of analysis all signaling trend change (price, momentum, time) it just works. I sadly missed this one. But good job to all those who noticed this. This is how TA works.
GPRO before 13% drop.... The exchange builds on a double rising wave system. Reached the end of the first rising wave. I expect a 13% correction wave from this level. Target price is 5,53usd. In the long run, after retrieving the 5.53 correction level, I expect another second rise similar to the previous rising wave size.
What to Expect on GoProAs smartphone cameras keep improving, the need to buy a GoPro is decreasing. However, for the time being, they still make a pretty great camera for capturing motion in stunning quality. GoPro just released unlimited cloud storage while keeping the same monthly price as before, good news for avid GoPro users. GoPro's earnings will be released next week, and Wall Street is expecting a positive from GoPro. The Megalodon indicator is giving us a buy sign heading into Friday. GoPro is well worth adding to your watchlist. For information on how to use the Megalodon for yourself, send me a message!
GPRO before 24% rise. The exchange rate has reached its correction level. No further downward movement is expected from this level. The exchange rate movement may turn and rise again. This rise is expected with a rather intense momentum. You can reach the 5.96 USD primary target in up to three days.
GoPro Ichimoku Cloud FractalThere is a clear pattern that could potentially repeat on gopro. After the past two bullish TK crosses the price entered the cloud and completed an edge to edge, then proceeded to enter another bear trend. On the three day chart we just had the TK cross and are very close to entering the cloud.
The daily is less bullish, as the price entered a downtrend after a bearish divergence the prior 2 times, and we currently have a bearish div on the daily.
Gpro technical accumulation before greater gain...Gpro technical accumulation before greater gain. We expect the exchange rate to continue strengthening. Therefore, the current sideshow is understood as a technical accumulation. Its bottom is 6.84 usd level. We expect a steeper climb from this level. This is assumed on the second steeper ATR axis. For the exchange rate, you can go up to 10 usd levels.
GPRO - Bullish ideaThis after its IPO spike a few years back has been punished by the market, however we feel now is the time (and covered on our blog many months ago) that GPRO 7.25% / GoPro 7.25% may be making a comeback, and now that they have released their new advertisement for the Hero 7 with MUCH improved specs this is a good case for a huge recovery as:
1) Coming into Christmas holiday seasons sales will likely ramp up over the next couple of quarters.
2) Their product line get re-vamped and re-energies them.
Does this mean it will happen? No, though we have witnessed stocks like this in the past and it just seems that down here the risk is minimal and reward exponential.
If this did happen along with other improving fundamentals, we could cast a potential target which could be $40 in the year 12-18 months and possibly $60 in 24 - 36 months.
GPRO accelerated... The exchange rate may change to a steeper climb. Based on two factors, this conclusion can be drawn. The first is the ATR of the exchange rate nearly twice the value of the previous week (this was not reflected in the exchange rate itself). The second is that it has arrived in a rate field where higher traffic is expected. The axis of the ATR (purple line) is steeper. We will be awaiting testing on this axis. The exchange rate may rise to a double wave structure. The first wave structure up to 8.68 usd levels and after correction, the second wave structure may rise to 10.56 usd.
The steeper rise in GPRO... In a previous analysis I described that the GPRO could start to slow. This is because the angle of the ATR axis supporting the rise is flat. Therefore, the current motion track follows this. But slowly we reach a steeper ATR axis. This may be the consequence of a faster-rising exchange rate. Exchange rate movement analysis does not include wave structures. These are calculated later. Only the target price and its approach path. The target price can reach 13.51 usd. But I note it is a longer-term prediction.