GPRO1) many rumors about a possible acquisition by SNAP (or some big...incoming tax holiday); 2) GPRO is at interesting price 3) chart: explanation in the chart 4) I'll be IN GPRO, waiting for entry point and looking for > TARGET A (first gap area +24%), TARGET B (second gap area +45%)Longby tonerUpdated 119
GPROI think there is a support line at around $8.60. Based on where the price is now, it may be possible for a recovery toward $11. Longby NickFiPublished 4
GPRO long ideaCame above big support, so I believe we'll see a big up moveLongby x2ManyPipsPublished 5
Is GPRO GOING TO RISE? Based off of the daily structure and the 30 min / 1hr charts GPRO looks like it's cheap enough for buyers to make some quick money. I'm expecting GPRO go to the 7.94 level and then face some resistance. It should be a low risk/reward trade. Longby Bubba3310Published 6
GPRO RUSHING TO LARGER TARGETTHE 1ST LARGER DECLINE IS A MEASURED MOVE WITH THE 2ND LARGER DECLINE.by SynergyChartsPublished 3
GOPRO , the stock with a bad rep could be a short term buy A very nice 61.8 retracement on the Hourly chart of go pro.Possible upside, looking to achieve a 61.8 target using the "trend based fibonacci extension" tool. Longby Matthew34wUpdated 224
Adding Half position on a second flat top : 11.75$ TargerAdding Half position on a second flat top : 11.75$ TargerLongby swingtraderzUpdated 6
Avoid until $9.1 is testedWait to see what WS does at $9.1... no position, on watchby jmp470Published 114
GO PRO BE A HERO NOWGoPro tested historical lows with rebound at 8.6 Then breakout resistance at 9.6 which is supporting now. Expecting similar trade than last time. Retracement of previous movement is 61.8....Longby YannickLegendrePublished 221
Here's why GoPro shorts could get crushed.The Technical Outlook Per the chart above, the next significant level is the high print going back to October of 2015. That equates to a ~61% gain from current levels. As noted above, 33% of the float is short, which tells me there is POTENTIAL for more upside. Let's look at GoPro's recent quarter. Per Bloomberg - "Revenue will be $190 million to $210 million in the first quarter, GoPro said in a statement Thursday after the markets closed. Analysts were expecting $267.6 million, on average. In the fourth quarter, sales rose 24 percent to $540.6 million, also missing analysts’ average estimate for $573.3 million". In addition, they have had a string a bad news starting in November when they had to recall their Karma drone after some starting FALLING OUT OF THE SKY due to inefficient battery life. They lowered guidance on gross margin and are cutting cost aggressively. The article noted they are pairing back their ambitions to build a media platform around their action videos. The best line in the article was this- "For now, the company is working on making the process of using a GoPro camera from capture to sharing as easy as possible." This would give me hope they are starting to concentrate on delighting their core customers instead of extending their product line in categories where they will not win the share of mind. If the stock can close the week up in spite of a terrible quarter, that would tell me the line of least resistance might be higher. If this provided any value, please "like" Longby CalebDismukePublished 6
GPROPerfect setup so far... but earnings meets let someone else hold the bag :-)Longby jmp470Published 3
GPROflag after couple of days on the run Would be nice to see MACD curl back up. Watching for a break or closer to bottom to have a tight stopLongby Trader-11-Updated 3