Ideally, we need to see a Bullish candlestick signal at or around 35-37 price level; or the 8ema to crossover the 21ema for longs. But a bullish candlestick signal with high volume would be icing on the cake. However, price might consolidate here for awhile then head north if GPRO wants to avoid the its IPO of 28?
Agree - So much hype and hope in this stock. Last spring I saw the head of the IPO syndicate give a presentation about GoPro to a middle school here in Connecticut and they made the CEO of GoPro look like a rockstar. No discussion of "value" or reasons for going public, only that taking a company public is exciting and is great for the world. What is the "free cash flow" of GoPro? How much market share do they have and how fast is the market growing? Who needs to know that!? ((Just sharing from my little outpost here in CT))