GPRO trade ideas
Sitting on the fence waiting for GoproWe wait for confirmation now. We are at a price not seem for many months.
A break below would not rigger a sell unless it is retested. This may be seen on a lower time frame, if it happens.
Otherwise another bullish rally to high 13's
(D) Good support since Feb's low.Technicals ruling until fundas prove otherwise. Feb's low is not far off should earnings disappoint. Tight trading ranges and S/R levels.
The ema50,ema200, red cloud, illustrates that more bullish volume is required to close the gap. One good outcome since the new year, OBV has made a bottom; which is mildly bullish overrall.
Obey your rules.
Long GOPRO if cross $15 or drops to $5. GOPRO has dropped significantly from the peak.
the price has been in a narrow range for quite a while.
Good to long if it crosses $15 (previous price gap level); good to short if it doesnt and then a better price to buy is at $5. upside potential is $44~$45 level.
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.
Possible high volume breakout of the sideways channel?Tomorrow holds the key. If this breaks out of the channel on higher than average volume its a buy with easy 17 target. i.e. easy 20% gain!! Kicking myself for not adding more to my existing position in the low 11s when I had a chance.
$GPRO (W) Potential zone for knife catching?Mind you, it is still bearish. But not as nasty as before. It may retest support of 9.50 if bulls are gonna sit out next round.
Put your money to work at the right times. Let others do the hard work and manage draw downs. Be patient. Let it round out a bit more.
