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GoPro, Inc.
Long

$GPRO - Trend Reversal with upside of 10% - 60%

By subtlepapi
Updated
Technical Analysis
  • Breaking out of downward trend and showing signs of reversal


Price Target
Buy between $6.24-$6.45
Target 1: $7
Target 2: $9
Trade active
Comment
Technical Analysis (TA)
Price is on the verge of testing resistance at Weekly 20EMA and daily 100EMA levels. This is Target 1 being hit.

Once it breaks above we should see some consolidation as RSI is would hit the mid level but further upside to $9 is still well within reach as there is plenty of room before the RSI reach overbought levels around 70.
breakoutbreakouttradingChart PatternsTechnical IndicatorsreversalreversalpatternTechnical AnalysistrendTrend AnalysistrendfollowingTrend Line Breaktrendtrading
subtlepapi
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