trdollar
Long

GPRO on verge of breakout $GPRO

NASDAQ:GPRO   GOPRO INC
218 2 3
Notes on chart. GPRO             close to breaking out, but not in sync yet. Might need a swift pullback to get some of the technicals to align. BBs are tight and trying to expand.
I'd rather see it break down here travel slowly to 39 and build a 3-4 month shelf bottom near previous bottom.
+2 Reply
trdollar QuantitativeExhaustion
After 4 days, looks like it's having trouble breaking through resistance. The stochastics and accumulation are out of balance. But, Bollinger bands are tight and expanding, and the MACD is in the right position. Any significant volume in either direction could very well determine the next 10% move. 3-4 months bottom might be hard to find and maintain, but it could take a month for stochastics to come down.
+2 Reply
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