GPRO trade ideas
GRPO - Out of trading range into an uptrendGPRO traded in 9-15 range for most of 2016
today we got a break on HIGH volume after retesting previus resistence at 14
2 targets on chart
GPRO Going Down Tomorrow Too?NASDAQ:GPRO is still following its channel, which could mean that it will continue to fall (until it reaches it bottom boundary). I would not be surprised if this happened. Check it out. (looking between 12.14 and 11.86)
GPRO about to ramp up..go longFrom the chart it looks like GPRO is about to break this trend line and test the 200 dma and if it breaks look for more gains in the near future
GPRO May Have One More PeakNASDAQ:GPRO could go up tomorrow between 13.28 and 13.46 (WHICH IS LIKELY). However, it could fall to a lower level of 12.78 (WHICH IS LIKELY FOR MONDAY). Check it out.
GOPRO POSSIBLE SCENARIOSGopro seems inside an expanding channel, with a little bullish divergence for a possible leg up. I'm expecting a breakout of this channel to the downside.
Going long on $GPROGoing long from here with the company launching the most highly anticipated products during holiday season. Possible going pass $20s. LONG!
Long GPRO The trend will likely continue to go up into earning. I'm going long as it will likely break $14s by end of week.
GPRO Has hit the Support RangeUPDATE: As described in an earlier idea (about 2 hrs ago), GPRO will continue to fall within a range of 11.28 to 10.93. As predicted it is currently at 11.24 with a continuing fluctuation at this point. GPRO may spike by tomorrow. Check it out.
GPRO Spike SoonNASDAQ:GPRO ready for support between 11.30 and 11.28, within the next three days. This could be GPRO fifth spike since May 18th 2016. Check it out.
GPRO, where the price will be in next 71 bars?After 7 months of stalking behind GPRO. based on my humble analysis and some trades in between, price has touched twice on the blue channel bottom/support.
Extending these two connected support upwards in parallel manner, to get that touch on the top at 110.
Thereby, my mid-term channel seems completed
On top of that, i thought i saw some cyclical pattern. And yes it is.
From the first trading day to the top, it took 71 bars (71 trading days to get price from bottom to top)
Even more amazingly, it took yet another 71 bars for the price to retrace back to around 46, with a double DOGGIEs at the bottom!
If this cycle of 71 bars to be repeat again, GPRO could be on the way to all time high..
but do your own analysis!
GPRO Trade SetupAs we can see in the daily chart , the price is moving between two trends that holding it between 14.84$ high and 8.62$ low .
we will assume that we are at a beginning of a new wave starting from the bottom . We are forming now a 2nd wave wich may be a setup trade for a strong 3rd wave but it needs to hold above 8.26$ to confirm. If my predication is correct , this wave can take us to 13.87$ breaking out the MA50 days and 11.29$ . My stop loss is 8.6$ wich is very low risk as it close to the bottom .
Wave 3 is the best setup for elliott wave traders . All start with predications and the market will confirm or invalidate .Wish for all you the best .
GoPro looking to go north I think - Still Cheap Stock.After it's all time low a few weeks back, GPRO has made a bit of ground. Slight retrace back to $9.50, but following candles and Friday's closing volume gives me hope for an impressive move to be seen from the Mounted camera makers. Long
GoPro what? I dont know how to say this... but Gopro is bullish... daily macd rising since september 2015, 4h is bullish... we could see some type of wedge before a breakout to the upside... i won't see the 3$ lol
