GoPro (GPRO)
GPRO WeeklySo, I explained on the chart. It doesn't have to go all the way down to trend line, but that would mean a truncated 5th wave of a 5th wave. So, if the company was going to succeed, that would signify a possible good long term buy. But watch price off the 200ma on 4hr. May get a buy entry from that spot for at least a scalp.
GPROGO Pro looks to be in an ending diagonal for it's 5th wave of long decline. looks to be retracing some at least. It can correct and continue up, but I would be looking for a 3 wave structure here then one more down. I will post it zoomed out so you can see what I mean. The top trend line can be moved up and this small wave can turn into a larger 3 wave. Whether or not you want to invest long term, check the fundamentals, I am not up to speed, but please look at my zoomed out post in a minute to see what I mean. It will probably at least be correcting down to the 200 ma, but safe entry was from the small ending diagonal.
GoPro undervalued ?Extremely risky trade opportunity. But the setup is good.
Short term: Moving in uptrend channel and cloud. target is 6.50$.
Long term: falling wedge reversal could lead to a breakout and targets above 12$.
Stops below cloud at around 5$. Either enter on the kijun retest and place tight SL or wait for the breakout and cloud turning green.
A flat wave wave structure...A flat wave wave structure. Slowly everybody gets tired of this continuous fall. The figure shows a "main wave" motion (green) and indicates a "response wave" (red). Both types have dual wave structure. The "Main Wave" (0A) section is 25 percent larger than the second (BC) section. The same can be said about the "response wave" structure. The "response wave" (0A) is 25 percent larger than the current waveform (BC) second wave structure. If it is correct the idea of the GPRO price is rising slowly, the target price is 7.99 usd.
GPRO Giving Up the GhostIt's not every day that you see a well known company in this much trouble. GPRO has one last major support left; if this breaks there will be a massive dump. 7.90 is a major support so there is no guarantee that it will break, but I believe the risk to reward is worth it. I'm expecting a small bounce to play out so the entry will be right below the 20MA. If this plays out than I should see some gains even if the major support holds. Lastly, I'm going to play this using Put Options in order to limit potential loses and maximize gains.
Happy trading,
Charles
Gopro shareholders, be calm...Gopro shareholders, be calm. The exchange rate movement does not look beautiful. The rise is weak and uncertain. But technically, the exchange rate has a 0.76 USD daily ATR. The area in which it moves is bordered by a flat ATR shaft. Few small trade. It is also rather short. I indicated a white rectangular area where the exchange rate may start to slow moving sideways. From this rectangle, moving upwards, a significant increase may start. The rise may be higher with traffic, reaching the 11.42 USD primary target price.
GoPro another nice buying opportunityHi 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.
GOPRO HAS HUGE UPSIDE POTENTIALI love pictures like this, its so clear to me that bulls are now in controll, except something major happens i am expecting now several weeks and maybe months of upside in this stock.
Big earnings beat last week, are also fundamentally giving it some room higher.
Take a look at this longerterm weekly chart: