GPRO trade ideas
H&S pattern signaling possible exhaustion of trend NASDAQ:GPRO experimented a considerable breakaway gap upwards and has had considerable volatility since then. Yesterday's -2.41% valuation could signal the end of this trend and back to the previous one, which was slightly, but clearly, bearish.
buy with the bad newsanother chance to enter
+double floor
+same objective to 11.7 for hide bullish divergences
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.
go up go pro!+both hide bullish divergences in RSI and macd
+support on bullish trend
+1st objective: 11.7
+2nd objective (3rd wave of fibo): 13.95 zone
buy zone: 9.2 / 9.7
Go Pro (GPRO) possibility update (15 min)I missed the mark on the daily view. Bad entry! Lets dig a little deeper in to the charts. Hoping to see a turn around by the end of the week to confirm up trend.
The exchange rate correction is slowly coming to an end...The exchange rate correction is slowly coming to an end. I expect a rise from the correction level of 9.07 usd. As the rise starts from a steeper ATR axial field, acceleration in motion is expected. The primary purpose of the rise is the environment of 13.18 usd.
GoPro LongI will be looking to enter a call position at the bottom trend line. I think this has huge upside potential in the near future. Anyone who trades options should consider contracts for a long term buy all the way into 2019. I love the wedge that has formed, and will be looking to enter in this price range of $7.30-$10.
Fibonacci helps in measured moves.It helps, when a stock rallies/drops with a silly reason(Google Click camera...no competitor to HeroX) to understand the measured moves UP or Down.
GO PROWatching to see if this drops to trendline. Ive been watching this since about march. GPRO has been moving very nicely! Lets see what she does.
For educational purposes only. GPRO
The GOPRO rocket launches...The GOPRO rocket launches. The exchange rate has reached a steeper ATR axis. It is assumed that an accelerating increase is expected. The primary target price is still 14.08 usd.
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:
Technical image, strength...Technical image, strength. Based on the technical picture of Gopro, it stands out for a significant boost. If our assumption is correct, the exchange rate is almost 60% stronger than the current exchange rate. The exchange rate in our opinion today ends the correction. If our reasoning is correct, it can rise from the correction level up to the target price of 14.08 usd.
Gopro's movement path varies slightly...Gopro's movement path varies slightly. Nevertheless, we still do not change our trading strategy. The direction is still long, the target price, also near 14.08 usd.
Gopro update...Gopro update. We expect a further increase, so we do not shorten the back correction. From the 11.06 USD level, which is a correction level, we expect a slowdown, followed by a slightly declining exchange rate. This slow decline is assumed to be 9.6 usd. We then turn to turn. This turn is a re-accelerating move up to 14.21 usd to our primary target price. Here we close our long position. There is a second rising wave, but we do not have enough data to do so.
GOPRO is waiting for a big fall...GOPRO is waiting for a big fall. We assume that GOPRO will rise in the next half of the year. But technically we see a bigger drop before that. According to our strategy, the exchange rate is down to the 6,37 USD level. Then he turns around, decelerating first, then reaching his 14,21 USD target price at accelerating speed.
