GPRO trade ideas
What's GPRO going to do?Being new to this kind of stock analysis, looking for pointers.
My analysis: I see a couple of things going on here. Clearly a Head & Shoulders pattern into a downtrend. I see resistance at the bottom and some indication of reversal into an upswing back towards the $8.50 range. Thoughts?
Gopro update...Gopro update. We expect a further increase, so we do not shorten the back correction. From the 11.06 USD level, which is a correction level, we expect a slowdown, followed by a slightly declining exchange rate. This slow decline is assumed to be 9.6 usd. We then turn to turn. This turn is a re-accelerating move up to 14.21 usd to our primary target price. Here we close our long position. There is a second rising wave, but we do not have enough data to do so.
GPRO Giving Up the GhostIt's not every day that you see a well known company in this much trouble. GPRO has one last major support left; if this breaks there will be a massive dump. 7.90 is a major support so there is no guarantee that it will break, but I believe the risk to reward is worth it. I'm expecting a small bounce to play out so the entry will be right below the 20MA. If this plays out than I should see some gains even if the major support holds. Lastly, I'm going to play this using Put Options in order to limit potential loses and maximize gains.
Happy trading,
Charles
Gopro shareholders, be calm...Gopro shareholders, be calm. The exchange rate movement does not look beautiful. The rise is weak and uncertain. But technically, the exchange rate has a 0.76 USD daily ATR. The area in which it moves is bordered by a flat ATR shaft. Few small trade. It is also rather short. I indicated a white rectangular area where the exchange rate may start to slow moving sideways. From this rectangle, moving upwards, a significant increase may start. The rise may be higher with traffic, reaching the 11.42 USD primary target price.
GoPro another nice buying opportunityHi traders,
Last time we made great profits buying GoPro.
This is again a very nice long chance. Bulls are in the process of forming a big bottom.
I am expecting this to become another higher low on this chart.
We are now exactly on the 100 and 200 DMA and this is a nice "buying the dip" example on the bottom of the channel. I am personally seeing fundamentally good chances to see higher prices on gopro over the coming weeks and months, but of course as always nothing is sure thats why there is a stop loss below 8$ right now.
I am planning on leaving this position for a big move to the upside at least to the channel top, and maybe more if there is a good newsflow.
Blessings to you all.
The exchange rate correction is slowly coming to an end...The exchange rate correction is slowly coming to an end. I expect a rise from the correction level of 9.07 usd. As the rise starts from a steeper ATR axial field, acceleration in motion is expected. The primary purpose of the rise is the environment of 13.18 usd.
GoPro LongI will be looking to enter a call position at the bottom trend line. I think this has huge upside potential in the near future. Anyone who trades options should consider contracts for a long term buy all the way into 2019. I love the wedge that has formed, and will be looking to enter in this price range of $7.30-$10.
GOPRO HAS HUGE UPSIDE POTENTIALI 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:
Technical image, strength...Technical image, strength. Based on the technical picture of Gopro, it stands out for a significant boost. If our assumption is correct, the exchange rate is almost 60% stronger than the current exchange rate. The exchange rate in our opinion today ends the correction. If our reasoning is correct, it can rise from the correction level up to the target price of 14.08 usd.
