Alekznder

Trade Idea #31 - $GPRO - Resurrection or Fatality?

Long
Alekznder Updated   
NASDAQ:GPRO   GoPro, Inc.
$GPRO has seen massive devaluation since August.

Entering with 1/3rd position. Trade as pending. Will update.

Technical Reasons
  • Wolfe Wave 5' Completion
  • Major Support
  • Major Dynamic Resistance pending

As a higher risk set-up, consider:
  • smaller position sizes
  • adding to winners
  • layering orders sub $30

Good Luck
Trade closed: stop reached:
Could take set-up again if market looks good.

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