Nice breakout, possible target $14.75GoPro, Inc. engages in manufacturing and selling camera and camera accessories. The firm provides mountable and wearable cameras and accessories, which it refers to as capture devices. Its product brands include HERO9 Black, HERO8 Black, Max, HERO7 Black, HERO7 Silver, GoPro Plus, and GoPro App. The company was founded by Nicholas Woodman in 2002 and is headquartered in San Mateo, CA.
4GPRO trade ideas
GOPRO is on the rise.GOPRO is on the rise. The analysis shows that the correction range ended at the level of 8.48 usd. It can also be seen that yellow-green ATR axis was confirmed in yesterday's trading. Therefore, I expect a build-up of the predictive wave sequence highlighted in white to continue. Another support for my theory comes from the analysis of fractals. Here we can see that the correction of the previous fractal (35%) is exactly the same as the correction of the currently completed fractal (orange square). The fractals help to form the target prices. Two target prices are shown here. One target price : 20 usd. Note that currently this target price corresponds to the future fair value of GPRO, which is 20.62 usd. I expect further upside thereafter and I expect the second wave of upside to be completed, which I have indicated with two parallel lines and is 260%. Therefore, the next target price based on this is 29 usd. To sum up : a further significant rise is expected.
GPRO - D :: Price at 0.5 Fibo Retracement It might be a good time to retest the resistance region. The price is in the 0.5 fibo region, and this could mean a reversal.
At the moment the RSI is below 40.
TP1 - $11.9
TP2 - $13
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Pode ser um bom momento para o re-teste da região de resistência. O preço está na região de 0.5 da fibo, e isso pode significar uma reversão.
No momento o RSI está abaixo de 40.
TP1 - $11.9
TP2 - $13
GPRO is quietly preparing for a huge rise.GPRO is quietly preparing for a huge rise. I wouldn't have given much for Gopro shares 3 years ago, but apparently the complete restructuring of the commercial and corporate infrastructure, the rollout of cloud services, has worked out very well for Nick Woodman and his team. The WALL STREET view is that if a Tech company goes from 100 usd to 1.5 usd, it's over. Well that's not the case with Gopro. It was reborn as a brand new and dynamic company. Let's look at the technical picture. The movement of the Gopro wave is well described by 3 axes. The cross points of all three axes are the 15-day D1ATR data. This means that the axes capture 6 months of data. You can see a pink axis that connects the D1ATR axis to the rising wave and two white D1ATR axes that define the two edges of the accumulation phase. Calculated with 14-day average values, of course. It can be seen that a flag pattern is forming between the two white D1ATR axes. Alternatively, the already familiar pink ATR axis is given, which provides a resistance level for the rising wave. To summarize. Going forward, I expect Gopro to exit the accumulation flag formation and start to move up. This would imply a rise of nearly 121% from the current level. Target price : 23.32 usd
GPRO bounce off of 200 MAGPro is showing signs of a bounce in weekly chart inside of a pennant while moving down in falling wedge/ downward channel. if it can pick up some momentum with this bounce and earnings report, it should breakout.
about 6 to 1 but return but obviously we cant know how long it will take
stop loss= slightly below 200 ma
profit targets for me=
pt1 11.75
pt2 12.6
pt3 13.75
GPRO up 40%From analysis, it can be seen that I expect a further upward wave sequence to build. You can see the bottom white dotted line showing the ATR rise of the wave sequence above it. It can also be seen that this ATR axis accurately marks the corrective bottom of the wave sequence. The yellow dotted line is the axis of reflection of the ATR axis. It can be seen that the rising price movement waves were used as a support axis. It is assumed that a larger uptrend may be starting. This rise starts from the yellow dotted axis. The next target price : 15.66 usd. The predicted rising wave sequence may continue to rise after reaching the target price. In the longer term, the GPRO share price could reach up to twice the current price.
Signature GPRO "Triple-Indy" has been activated!There's a great opportunity for a quick play on GPRO at the moment. I have three conditions that needed to be met in order for this to work and they have all been met. I indicated the 3 conditions using circles in my chart. They are also listed below:
(Triple-Indy's) 3 Conditions:
1.) RSI needs to be touching/very close to the "over-sold" line.
2.) MACD needs to be crossing from BELOW the x-axis.
3.) Price action needs to cross the red SMMA 7 line.
Whenever the three conditions have been met, I have seen an opportunity to make some pretty generous profits (at least 70% to the upside).
And as of today, all three conditions have been met yet again, so my "Triple-Indy" strategy has been activated. If you're going to do something, now might be the perfect time to do so.
***This is NOT financial advise, it is simply my own strategy/ideas with GPRO. Do your Due Diligence!
GPRO squeezeBullish GPRO. Last quarter was a step in the right direction with gross margins expanding to 39.10% (15% YoY) , EPS at 0.03 (109% YoY), and revenues to 203.68M (71% YoY). The pandemic made people miss the outdoors, and now people will want to remember their moments while outdoors and on trips. This tailwind of re-opening has not been fully priced in yet. 12.30% of the float remains short
GPRO correction over.
GPRO correction over. My analysis assumes that we have reached the bottom of an accumulation band. It can be seen that GPRO symmetrically "pinpoints" both edges of the accumulation range. Therefore, we must now wait. Because I suspect that this daily 10% drop today is a stabbing of a similar nature. In this case, the current level could be the end of the correction and from this level another rise is expected. First target price 16.68 usd