GoPro Inc - GPRO - Daily - Turning up from oversold

865 7 16
At some point, everything has a price. Maybe now that GoPro             is HALF-OFF, it might entice someone to step up to the plate here. At these prices, maybe a car manufacturer will buy it so they can put one in every vehicle, standard issue. It will lower insurance rates and make our roads safer, especially when everyone knows that their driving habits will be recorded for "future use". I was involved in the concept, fundraising and startup of a Digital Video Storage company in 1994 which stored video recorded and encrypted onto ruggedized hard drives, perfectly designed for mobile environments. Our first market was city buses due to the extremely high accident rate and the high cost of insurance to run them and the high rate of fraud. Needless to say, I have a little bit of experience in the area and was still astonished at the valuation given to GoPro             .

With all of that said, the technical condition of GoPro             appears to be stabilizing. The move up from $28 shows some new buying and the high volume zone from $30.50-$27.07 has been breached, indicating to some of use technical watchers, that the sellers may be out of the way here.

Upside target to the 38 level over the next 1-3 months. Use a 2-3 range stop down near 25. The best place to enter is down around $29.30

$30.34 GPRO             10/20/2015 3:26PM EST
Trade active: GPRO dropped down to the recommended entry level = TRADE ON 29.30

It's very disappointing to see how GPRO has acted relative to the strength in the overall stock market averages, but that is the way GPRO has been acting. It is very independent of the market.

I will not give this idea much room and will tighten the stop to 28 from 25.34. I don't want to see this linger here near 29 for much time at all. Earnings are due next week, so you could really see fireworks up or down (see Pandora's huge drop Oct 23) next week. So, if you can put this trade on with options instead of stock positions, you'll be preventing a disastrous loss if GPRO announces less than stellar results and forecasts for the holiday selling season.
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Tim, are you holding it through earnings?
this one is another znga in the making
aero911 Reekardo
Hi, what is "ZNGA?", thanks
G13Man aero911
a stock , type in the symbol and check its chart
yeah, i had a long at 27.50 and 26.50, 250 shares each for investment
i don really fancy how the rejection from 31.20 starts
but well, it could be interpreted as bullish,
Yep, earning is around the corner bad earning will send it down one more time, perhaps 21 :-(
I am Expecting GPRO to pullback on short term to support prior to rally. I totally agree, This could go higher

Trend lines have decelerated almost to flat lines. Time to start the Bull Stage Analysis..
+1 Reply
ucsgears ucsgears
Provided we don't break through $26 Line.
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