displyn

GPRO price stayed below the 8 ema

NASDAQ:GPRO   GOPRO INC
49 5 1
Price could target its IPO at 28.32?
https://www.tradingview.com/x/U9q1dqxN/
snapshot

1 month of cup and handle failures
just a different chart i stumbled into making
still aways down to get to its IPO price
snapshot
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G13Man G13Man
possible wing of some sort ? have not learned them yet !
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displyn G13Man
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?
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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))
+1 Reply
displyn timwest
Thanks for your insight, Tim.
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