GPRO looks very close to breaking outGPRO has created a wedge with clear support and resistance areas, as well as long-term uptrend. The wedge is coming to an end and I believe it will break up significantly.
GPRO trade ideas
GPRO accelerated... The exchange rate may change to a steeper climb. Based on two factors, this conclusion can be drawn. The first is the ATR of the exchange rate nearly twice the value of the previous week (this was not reflected in the exchange rate itself). The second is that it has arrived in a rate field where higher traffic is expected. The axis of the ATR (purple line) is steeper. We will be awaiting testing on this axis. The exchange rate may rise to a double wave structure. The first wave structure up to 8.68 usd levels and after correction, the second wave structure may rise to 10.56 usd.
GPRO: the battle of the trends Judging by all of the indicators (MACD, Stoch and RSI) I say this would go down. It could find some support around 5.9 but im pretty reticent about it creating an accumulation zone. It would look like a good short if it falls under 5.8-5.7
The steeper rise in GPRO... In a previous analysis I described that the GPRO could start to slow. This is because the angle of the ATR axis supporting the rise is flat. Therefore, the current motion track follows this. But slowly we reach a steeper ATR axis. This may be the consequence of a faster-rising exchange rate. Exchange rate movement analysis does not include wave structures. These are calculated later. Only the target price and its approach path. The target price can reach 13.51 usd. But I note it is a longer-term prediction.
GoPro - Short IdeaHello traders, we have here a potential short for GoPro.
Using our Elliot Wave tool we can determine we are at the start of our Wave C.
An expected target of $5.00 is possible.
Happy Trading. Telegram link in Bio
GPRO is slow flat but upward... The low price with ATR slowly and flatly builds its wave structure. Currently, the second rising wave structure can be built. The target price increase is 8.15 usd.
ENDING DIAGONAL GOPRO - DAILYHey guys,
GoPro had a very bad time but I believe it is over now or almost.
Look for any buy set up getting out of the diagonal and look for 17.73 usd as a Target!
Trade with care,
Carlos
Mech Long entry for GoPro?Just learning a new trading technique. This one is called a Mechanical long.
GPRO Oversold SetupLooks like GPRO is starting to put in some higher lows on this short-term time frame. I like the 5.90s risk paired with the potential upside provided by a strong recent earnings reaction. This stock is still almost 20% short, and there are a lot of people out there in social media land hating on this company, so we could see some covers if this thing refuses to break down.
Stay with GPRO in long...Stay with GPRO in long. Multiple wave, sub-wave structures can be seen simultaneously on the graph. But the end result is the same. The decline in the exchange rate is likely to stop. The second ascending wave structure (green line) is started. the slope of the increase may be higher because it is moving along an accelerating ATR axis. The second wave structure target price is 8.81 usd. Then correction can begin with the third rising wave structure. The value of which is still unavailable somewhere between 11-12 usd.
Breakout TradeGopro break weekly descending wedge, breakout $7 with strong daily volume. between 6.57 and 7.30 have a potential equilibrium pattern.
Plan:
buy at 6.76 and 6.66
stoploss at 6.49
target: 10-10.8
if stop out, get in, if middle band support hold.
Target: 1/2 at $7 and the half ride with trend to 10-10.8
It is only the personal trading note, not financial advice, but opinions and pieces of advice are welcome.
Good person to follow for TA---- TheChartGuys
GoPro Descending Wedge Bull BreakMonthly: descending wedge, price below middle, but squeezed band indicates big wave is coming up or down.
Weekly: holding above middle band, strong volume break the upper trend line, 12 and 21 EMA cross, weekly chart is great.
price above 5.60 will keep weekly in the uptrend.
Daily: one bar takes out multiple resistance, strong bull. daily consolidation, above 6.50 is all good
Plan: if 4H between 7.31 and 6.56 form an equilibrium pattern, probably could set a stop buy at breakout point
keep an eye on it, waiting on a good risk entry point.
GPRO - Using moving averages to determine entry and exitMoving averages are one way to determine where the lines of support and resistance are for a given stock's price action; hence, they can help us figure out where to enter and exit a trade.
GPRO share price accelerated...GPRO share price accelerated. The exchange rate moves in the second rising wave structure. Its rise rate is likely to increase. For the rise I'm waiting for 8.81 usd.
A descending wave structure...A descending wave structure. Further fall. The exchange rate is based on the ABC waveform structure of the previous rising wave structure with a target price of 4.99 usd. I expect a further rise from the 4,99 usd level.
[symbol="GPRO"]GPRO[/symbol] ShortReasons:
DEMA Crossing
Broke below it's 3 month long channel
Entry: 6.15
GPRO WeeklySo, I explained on the chart. It doesn't have to go all the way down to trend line, but that would mean a truncated 5th wave of a 5th wave. So, if the company was going to succeed, that would signify a possible good long term buy. But watch price off the 200ma on 4hr. May get a buy entry from that spot for at least a scalp.
GPROGO Pro looks to be in an ending diagonal for it's 5th wave of long decline. looks to be retracing some at least. It can correct and continue up, but I would be looking for a 3 wave structure here then one more down. I will post it zoomed out so you can see what I mean. The top trend line can be moved up and this small wave can turn into a larger 3 wave. Whether or not you want to invest long term, check the fundamentals, I am not up to speed, but please look at my zoomed out post in a minute to see what I mean. It will probably at least be correcting down to the 200 ma, but safe entry was from the small ending diagonal.
GoPro undervalued ?Extremely risky trade opportunity. But the setup is good.
Short term: Moving in uptrend channel and cloud. target is 6.50$.
Long term: falling wedge reversal could lead to a breakout and targets above 12$.
Stops below cloud at around 5$. Either enter on the kijun retest and place tight SL or wait for the breakout and cloud turning green.
