I 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:
Big earnings beat last week, are also fundamentally giving it some room higher.
Take a look at this longerterm weekly chart:
Note
Fellow traders keep your eyes on this stock, it could provide a nice long entry.Keep in mind, if the overall market is falling, wait till it calms down before jumping in. 8.50$ is very important
Trade active
I entered long at 8.75$ with a ~10% stop, i am looking for this stock to generate some nice upside momentum. Its a really nice setup and i like the fundamental prospects of this stock, but never without a stop, one never knows what happens in the future!Note
Looking for one more leg to the downside, this could provide a great buy opportunity. A move into 8.30$ to close the gap is in the cardsStop is still seen below 7.80$ or 7.60$. Targets 10$ and upward.
Note
Yes! gopro is +17% pre market!!! :-)perfect play.
Trade closed: target reached
closed +22%.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.