2use
Long

GoPro setting up for possible 50% upside + Facebook Clone!

NASDAQ:GPRO   GOPRO INC
After today's expiration day action i have found some interesting data that resembles Facebook             action:
=== Facebook: +12% on expiration day:===
123bars / 180days after IPO            
2 ERs - After action: 1st down/2nd up
-65% from 52w price ( IPO             price)
+18% from the previous low
-----
+45% from expiration day until next earnings

=== GoPro: +12% up on expiration day: ===
161bars / 236days after IPO            
3 ERs - After ER action: 1st down/2nd up/3rd down (recent bottom)
down -56% down from 52w price
up +18% from the previous low
-----
+50% up from here goes somewhere around 70-75 price

With this the previous ER in terms of numbers was a massive beat, 1000 cameras were sold each hour during the quarter. It is a gadget for everyone, as i literally see common folk roaming around with GoPros on a stick.

- MACD on daily is low and ready to turn up
- RSI+CCI both give negative divergence on previous two bottoms
- Fischer is ready to turn up.
- Jumping on expiration from near lows after a bad-action ER.

If i were to ask myself - would i buy the stock today, i would say yes even at the end of the day. There is so much room for upside (although it may have some retrace to 0.62 fib level), but with headwinds and no force against it, it shows serious potential. Be careful as it is a runner and quite volatile. Do share your ideas and opinions - would love to hear them (and if any of the pros can plot a facebook             copy over gopro             would be great as well - i'm not a pro here yet unfortunately.)

PS - i am invested in GoPro             , bought before ER, added today once i understood that it is a +5% on expiration. I may be seriously wrong, so follow your own judgement. At least my last idea on GoPro             was spot on.

Related Ideas

jangseohee
2 years ago
GPRO, where the price will be in next 71 bars?
+1 Reply
2use jangseohee
2 years ago
yes, but that is assuming the previous down was a bottom and the IPO opening is as well. In any case we agree on possible shortest term bit more up, then a correction, price sqeeze with the downtrend and up:) i see we're both long
+1 Reply
2use
a year ago
If purchased at 03-23, when price went above the red resistance line (that i failed to draw longer), then price is now 50% up from that level of 42.
Reply
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