4GPRO trade ideas
$gpro is struggling to go beyond the 10day EMA$gpro is struggling to cross the 10day EMA. If it closes above that, I can see it re-test ~$3.00. Otherwise, we're likely stuck below the 10day EMA for now.
GPRO may have finally found a bottomDespite all the bad news and sentiment surrounding GPRO, I think it may have found a bottom here. We can see that with each major bottom over the past couple of years, it has created bull divs. At the curent floor of 3.5, there appears to be a decent amount of demand as shown by wicks on the weekly chart. We can assume that as long as there is hope for this company, 3.5 seems to serve as a base. Assuming they can turn the business around, I believe all it will take is one good earnings call to send this stock to the apparent horizontal resistance above $7. I think the 200 daily MA is providing a de facto first line resistance, currently at 4.5. Everyone knows people using and buying GPRO products, so obviously it's still a very real company with real products. As long as they can get themselves into profit and over this hump, we can expect much, much higher upside.
$gpro needs to break either of the two linesGoPro seems to be bouncing off the 50EMA and the line I drew which goes back to the May 2019 highs of ~7.66. Both lines may cross in the near future as well. I think if we close above either, we might see some nice green $gpro candles.
GPRO may rise again.GPRO may rise again. The technical picture of the exchange rate may be suitable for a further rise. You can see that it is moving within an accumulation range. My assumption is that you can build a rising fractal whose amplitude is twice the amplitude of the accumulation area. Target price 6.25usd
My personal chart on GoProPosting it publicly as-is for record keeping purposes so it cannot be deleted. ;-)
Much love,
MC.
$GPRO #GPRO a fresh look on old foemust be a Season , don't know , but oversold and pattern called for the fresh look again ..no position yet as of today
GOPRO INC. (GPRO) Weekly ChartDates in the future with the highest probability for price direction reversals
GPRO - DownTrend => SYM-TRIGoPRO stock is in a downtrend, with the potential to breakout to the upside
GPRO before opening + 20%.GPRO before opening + 20%. the exchange rate may be ahead of a significant increase of nearly 44%. An interesting regularity can be observed for GPRO shares. According to good reports, the rise in the exchange rate "returns" the "gap losses" before it. The current situation is interesting in this respect. Based on the technical fractal analysis, we are ahead of a significant rise. The second rule is "gap mirroring". That is why I expect tomorrow to see an increase of more than 20% at a time. Target price 5.97usd.
Only a matter of time for this guyI see several broadening triangles pinching right up at earnings. I expect earnings to go great this time around. Risky, but I only see upwards from here.
GPRO LongGPRO is traveling in a bullish triangle with in a bullish rectangle. It hit double top with a lower time frame and has broken through a bearish flag. Hoping to have it hit the resistance of the bullish triangle to go long.
GoPro About to moon if it breaks this lineGoPro About to moon if it breaks this line. It hit it and bounced off of it so far. Let's see what happens during the day.
GPRO before rising 37%.GPRO before rising 37%. The exchange rate can continue with a rising fractal made of a double-wave structure. Therefore, I expect a more sustained upturn in the coming days. The analysis shows that the exchange rate can be 1: 1 fractal copying. These fractals are interesting. :) After all, "spike" was apparently copied. This phenomenon has been observed many times during fractal copying. If the idea is correct, the target price increase is 5.85usd
Go Pro in a symmetrical triangle Almost ready to breakout! Go pro has been in a symmetrical triangle for a while. Its due for a breakout soon! It could breakout up or down but surly will be a strong breakout. Be patient but feel a short today. looking for a great entry at the bottom symmetrical triangle support. Would be an amazing R-R . Happy trading all!
GOPro longIf we break the channel we are going up to the value area of the volume profile.
Risk reward 4:1
Wait for a break and a retest then we jump on is.
Happy trading. Trade at own risk
GoPRO | If It Breaks, GO LONG!Throughout the last 1983 days (5.43 Years), GoPro hasn't made much progress at all...
GoPro opens up the market today with 1.84%+, which is good to know but irrelevant. If you entered GoPro previously during this bear market odds are you took a loss. You could've easily avoided this with simple pattern recognition before making your decision to long. If GoPro breaks our channel resistance we will see the bull's attempt to engage.
Entry: $4.68
Stop-Loss: $4.38 to start, price will respect (L5) optimize SL
First TP: $5.44
Second TP: $5.73
Long TP: $7.47
Moon ShotGPRO, everyone is getting into the Amateur film scene ;)
I am seeing nothing but vertical trajectory on this bad boi
GPRO before rising 33%... Several times in the exchange rate, an accumulation fractal can be identified from which we can see a greater fall before rising. Today's decline (-5.6% now) is due to this phenomenon. Therefore, it is advisable to look for a long position at this level. If the decrease reaches 10%, the observation is defective. Otherwise, the exchange rate may start to rise further in the coming days. The target price rise for the exchange rate is US $ 5.73.
GPRO before 69% gain... GPRO is a highly speculative instrument. High risk. Nevertheless, technically gave a more significant rise. This can be based on a fractal sequence that is a strong signal before a currency appreciation. The amplitude of the declining correction wave of the exchange rate is halved, while the amplitudes of the northward wave rise. Therefore, I assume that from the current level, the exchange will turn north and build a double fractal structure. The long term level is 6.53usd.
