jenny_rebekka

When $GPRO Hits This Price, It Will Squeeze 25%

Long
NASDAQ:GPRO   GoPro, Inc.
I currently have GoPro Inc (NASDAQ:GPRO) in my Verified Investing portfolio. I am up about 3% on the trade but am watching closely for the $9.65 level to break. When it busts through, the stock will see a massive short squeeze to $12.00. What is so cool about this trade is that you can clearly see the trend line and why it is so important. The squeeze pivot trend line starts all the way back in early November 2016 and has remained extremely important every week since. Just in the last few weeks GoPro Inc has attempted a short squeeze twice, each time failed because the stock could not get above $9.65. I do expect it to bust through this level soon. Prepare for a fun, profitable ride!

View my trades here: verifiedinvesting.com/JennyRebekka

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.