GPRO 100% increase is coming.GPRO 100% increase is coming. Continuation of my previous analyzes. The analysis done so far is visibly working. My assumption is the continuation of the fractal sequence. "Sequence" means that not only the shapes of the waves are repeated, but their sequential sequences. Since we are talking about a "fractal sequence", this means that the fractal now being built can follow a growth rule. This growth rule will be fed by increasing ATRs. It can then be stated that the fractal now being formed can be twice the size of the previous fractal. Although, due to the logarithmic distribution of the vertical axis, we will see the percentage increase as the same. Nevertheless, we can still see it as an investment (taking a long position), because entering it at the current level can result in a profit of almost 100%. Target price can reach 26usd level.
4GPRO trade ideas
Will the GPRO "Pop" last?GPRO has fallen since its initial gap-up "pop" a few days ago, which is expected. The question now is, will the "pop" propel the stock further into bearish territory. Because it came on heavy volume with an "Island Gap," I think so.
As you can see, it was trading mostly at the bottom of its trading channel. It might fall a bit more as the price settles in. However, as we advance, I would not be surprised to see it trade more towards the top of its trading channel.
This is not trading advice. I'm new to this and still learning. Please don't listen to me.
GPRO: Bullish Pennant (48%)Bullish Pennant (48%)
Pros:
Volume during post formation
Descending volume during triangle formation
PPS above 50MA and 200MA
RS above 0 and ascending
ATR Ascending
R/R ratio above 6
250RSI above 50 and ascending
200MA ascending
Target:
PT = 20.10$
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HEAVY MANIPULATIONAnyone who has read the earnings transcript can easily fill in the blanks that this should not have been a near -20% drop
Someone REALLY BADLY WANTS YOUR SHARES
There is no way this should have dropped as much as it did which means big hands are manipulating the stock.
The headlines are reading ' miss on revenue '
But ignore adding cash to balance sheet and a successful in process to a recurring revenue model that has almost already stabilized.
Where this stock is at now is when the iphone stopped being reported by apple -- their revenue was about to come from another area... this was not favorable for investors but if you look back on when would have been the time to buy apple, it is exactly this time.
Short Go-pro @ 9.93 SL: 11.15 - TP: 6.28 RR: 1:3Short Go-Pro @9.93 Stop loss: 9.93, Take Profit 6.28, Risk Reward 1:3
Price went to Supply Zone of Month which is resistant in Monthly then created double Pin bar in Weekly chart. Also the double pin bar in weekly chart is created an bearish engulfing. Seller is coming and buyers is taking their profit
GPRO, Time To Buy?Hello fellow traders and investors, here's another trade idea.
GPRO has recently pulled back to the SMA200. If GPRO makes a full recovery it offers a little bit over a 36% ROI.
Technicals:
The Macd indicates that GPRO is oversold
The Macd indicates that it is reversing
The Ema's indicate that GPRO is still in a downtrend
When To Buy:
When EMA's crossover
When To Sell:
I recommend selling your shares at around 10.50 around its previous high.
I hope you enjoyed this quick analysis and many more to come.
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GPRO before an increase of 86%.GPRO before an increase of 86%. The corrective movement is over. I hypothesize that an ascending wave sequence can be constructed. Two fractals can be seen in the analysis. The ATR axis (wave angle) of the original fractal is flatter than the ATR axis (purple line) of the fractal now under construction. This can mean two things. 1, The rise may accelerate. 2. A more distant target price of 15.03 usd is also available. Since the axis angle of the second fractal is steeper, this means that the ATR values will also increase in the current rise. Therefore, the price movement may accelerate upwards. A short example. The ATR is the car's accelerator pedal. If the car is going down the slope and we tread on the gas, its speed will accelerate. This is the relationship between ATR and price movements. The reverse is also true. If the price movement increases but the ATR decreases, the increase in the price movement will stop sooner or later. This is actually a physical approach to RSI divergence.
GOPRO hitting its key levels this week. Rally in before; GREEN!Hello individuals, of TradingView. I've been in search of a well known undervalued stock and stubbled upon GOPRO. I did some technical analysis and found that now would be the best time to buy in. Later I did some digging about GOPRO to figure if it would exploded in the coming weeks. This is what I put together to get a broad perspective as to why it'll move up it's position in the markets. GOPRO's subscription rate grows by 50% while its EPS drops in 2020 by 10% due to production and distribution of its cameras through China. Its getting ready to flip the switch in 2021! More common sense then technical analysis.
• Turn a small investment into a big winner!
• Q1 2020 EPS Actual Estimate -0.34; Q2 2020 EPS Actual Estimate -0.20
• Q3 2020 EPS Actual Estimate 0.20; Q4 2020 EPS Actual Estimate 0.70 Back in green plus a tip. --- Reminder of the subscriptions GOPRO offer that grew more than 50% in Q3 excluding the distribution factor. In light of this company's pull back, it shows signs of a strong future ahead.
GoPro is undervalued, stock reviewHey all, this is my first idea published, hope you'll get value from it and I'm happy to get feedback.
GoPro fell a lot after the Earnings Report published on February 4th. While many sites reported some bad news comparing 2019 to 2020 overall, there are some hidden gems that could be found if we dig deeper.
Q4 2020 Revenues from GoPro.com (the company's site) was $116M (new record), 91% higher than last year. Total Q4 Revenues are $357.77M.
Q4 2020 Gross margin was 38.3%, which reflects the continued demand for GoPro products.
Q4 2020 Net Income was $44.41M. Comfortably profitable again since Q4 2019.
Improved cash flow at the end of 2020 puts GoPro at $325.65M, 116% Growth Year over Year. Long Term Debts are only $218.2M (Good)
Total Current Assets are $556.68M compared to Total Current Liabilities of $262.69M (Good)
3.6M Camera units sold in 2020.
The current Balance Sheet Ratio is above two (2.12), meaning they have enough in the value of total existing assets to fulfill their financial obligations for at least the next 12 months. That's incredible.
With total revenue of $891.93M in 2020 and a current market cap of 1.24B, stating that GoPro is currently undervalued will be an understatement. There's a huge opportunity here.
With its current market cap, cash flow, and company's projections to...
Grow Q1 2021 revenues by 55% over Q1 2020.
Grow revenues coming from GoPro.com to be 38%-42% of overall sales.
Reach 1M subscribers by Q2 2021 and 2M by the end of 2021 (2M subscribers is a significant mark to reach, but it would represent $100 million of annual recurring revenue).
Be profitable in 2021 with $470M to $500M cash.
Even if the stock will continue to be volatile until the following earnings report and for the rest of the year, it is still in my belief. Based on other analysts' reports too, that GoPro's fair market price should be around $20 today. It's more than 100% growth.
So if projections of revenues for Q1 2021 will be achieved, the stock's value should probably even exceed $20, and by the end of the year, we might even see it reaching $30 or more.
Will be happy to hear what you think and discuss!