GPRO trade ideas
GOpro October 30Everytime we have visted this area we saw a huge sell off or a pull back. GoPro is in a strong resistance level. if we dont break the $7 we can see a huge sell off
GoPro going southClear divergence is evident when price was making higher highs with RSI making lower high.
Currently found support at .786 and MACD on the daily chart trending is entering below 0 while the others are already in bearish territory.
Could fall down to 5.78 by election day unless the bulls step in, which i highly doubt
GoPro Today saw premiums in the October 30 10.5 calls jump from .09 to 2.25. Not sure how to explain it. GoPro currently in price discovery with the confirmation of consecutive trading days breaching 52 week high. Strong watch moving forward. Consumers love GoPro product. Now it seems investors love the subscription service.
GPRO looking for retracement, target 6Copyright Rohan Karunaratne 2020
To be clear, not shorting this stock to 6, way to volatile and can push out anytime, but will try to get long around 6.
GPRO BULL RUN IDEATechnical breakdown $GPRO, is it time to buy?
LEVELS TO WATCH:
Supports: $4.15, $4.44
Resistances: $4.77, $4.94
Educational purposes only :)
Nice breakout for GoProSubscriber news could be a long term game changer. Nice breakout of the near term downtrend IMHO. Next earnings should give a lot more info. Near term resistance around $7.50 could be a challenge. Or a sell point for a short term trade
GPRO Short Potential - Exhaustion RiskNASDAQ:GPRO did it's job to the upside.
Don't want to see it come back into the range.
The 15min down <$6.05 would do it for me.
Stop loss off the obvious high $6.37
Come to papa.
$GPRO GoPro Trade setupGoPro, Inc. engages in manufacturing and selling camera and camera accessories. The company provides mountable and wearable cameras and accessories, which it refers to as capture devices. Its product brands include HERO8 Black, Max, HERO7 Black, HERO7 Silver, GoPro Plus, Quik, and GoPro App. It also offers an ecosystem of mountable and wearable accessories. The company was founded by Nicholas Woodman in 2002 and is headquartered in San Mateo, CA.
$GPRO GoPro On watchlist for Day trade
GPRO is quite speculative and volatile but may
offer substantial upside potential.
Indicators are all in reversal and bullish.
Local downtrend has been broken
200ma is now support.
Uerkwitz from Oppenheimer maintained a Buy rating on GoPro (GPRO),
with a price target of $8.00.
$GPRO Analysts Bullish On GoProOppenheimer is constructive on GoPro (GPRO +3.6%) after the company's announcement on the launch of the new HERO9 Black flagship product and subscription service.
"We believe that these major updates, emphasis on subscription-based services and direct-to-consumer sales, and timely product reveal before Black Friday and Holiday season will bolster 4Q sales," updates the firm.
Oppenheimer notes the new action camera has several updates from its previous product, including improved resolution of 20-megapixel photos, an option to shoot 5K video, dual LCD screens and increased battery life by 30%.
GPRO Target GoPro will continue falling. Reversal action can begin in the target box probably with oversold downtrend channel.
GPROTake a look at buying July 31st 6.5 call options on Aug 21 19,000 unusual options activity
Target 6,5-7$ next week
$GPRO Bullish Pennant$GPRO seems to have formed a bullish pennant after clawing back from lows out of a 'cavern'. Some nice options paper hit today as well. I am long $GPRO today in shares.
