GPRO goes to earnings LONGFrom the 2H chart GPrRO is in early reversal two days before earnings
sitting at a bottom on the POC line of the volume profile. The MAC profile
shows a line cross under a small histogram. Right now momentum is subtle
and sluggish but could accelerate quickly in the approach to that earnings
report. Based on the chart, I will target the July 18th pivot high and set the
stop-loss under that POC line.
Recreational
MBUU upside breakout possibleMalibu Boats just got some big analyst upgrades on the strength of upward earnings revisions. It's been in a gentle upward channel, but I actually think it could break out and establish a steeper upward channel leading up to earnings in September. Watch for the upside channel breakout and then buy the pullback.
As always, this does not constitute investment advice, just an idea as to how the market will move. Full disclosure: I know the founder of this company.