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GoPro (GPRO)

GPRO: Weekly uptrend in playGPRO has a very interesting accumulation base and has fired a signal to go long. The blue zone is the ideal buy zone, but you can look to join the trend from the daily chart as well. Stops should be below the red box on chart ideally. Target is 19.36, to be reached within at or before May 30th. Good luck! If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Ivan Labrie.
NASDAQ:GPROLong
by IvanLabrie
2
GPRO Homerun Long to $30/$37GPRO has traded quite nicely and quite predictable as it's a very technical following stock. I've been watching for a while now as GPRO is rippening. It's almost time to pick it. So starting on the weekly we do have a confirmed weekly MACD crossover, which is confirming what I'm seeing on the daily. On the daily we're diverging while staying in this slightly broadening wedge. A very predictable and self fullfilling type of pattern. Once we break this is a home run long and I also expect the 8/21 ema to cross over showing bullish momentum at the same time. Last time we crossed over was at the $60 mark then we sold off heavily. The first target is $30 where some resistance is, key fib level, and 200 ema. Then ultimately $37 where a huge resistance wall is, completion of the wedge and possibly where this major trendline is. The break should occur around $14 and a stop below $9.90 should be sufficient. This trade is offering close to 6:1 if the final target is hit.
NASDAQ:GPROLong
by adriel.arrasmith
GPRO -- COVERED CALL/SHORT STRANGLE IDEASEven though GPRO appears to be in a bit of a consolidative state here, volatility in the underlying remains high, with a currently implied volatility rank of 83 and an implied volatlity of 87. Translation: rich premium to be had. I currently have a short strangle on, so I'm not going to be putting anything on here, but I figured I'd share nonetheless. There are two possible setups: Covered Call 100 GPRO at 18.22 Sell 1 Feb 19th 19 Call Whole Package: $1718 (meaning your break even is $17.18 per share, excluding fees/commissions) Max Profit: $182 (if called away at $19). Short Strangle Feb 5 13.5/23 short strangle POP%: 76% Max Profit: $108/contract BPE: ~Undefined (Off Hours) BE's: 12.42/24.08 Notes: GPRO's earnings are currently scheduled to be announced on 2/4, so both setups would run afoul of that. I wouldn't necessarily let that put me off throwing on a trade, but would look to take off the short strangle in particular in profit short of the earnings announcement, just so that my setup wasn't ripped about with earnings related price action. With the short call in the covered call setup, I would be a little bit more psychologically comfortable straddling earnings, but would look either to roll out the short call in the covered call setup to take advantage of heightened volatility and therefore enriched premium or take the whole setup off at an opportune moment, such as when price breaks 19 ... .
NASDAQ:GPROLong
by NaughtyPines
GPRO: Strong uptrend!Seems like GPRO has upside left, closed above the last uptrend mode after expanding range. Very bullish signals, also a quarterly and yearly EMA crossover today (66 and 253 EMA, Tim West's reccomended periods). If already long, you can book profits at the targets on chart, 50% and 50%, 25% and 75%, up to you. you can also trail the stop to protect profits at the mode: 62.25. Uptrend should at least last until the 27th, but it might find resistance at 72.70, where a key hidden levels' earnings resistance line sits. Props to Chimbot for spotting these wonderful intermediate term trades, he's been on fire. Do check his work out if you can, his idea is linked here. Cheers, Ivan.
NASDAQ:GPROLong
by IvanLabrie
12