RAJK1234

GPRO Has hit the Support Range

NASDAQ:GPRO   GOPRO INC
UPDATE: As described in an earlier idea (about 2 hrs             ago), GPRO             will continue to fall within a range of 11.28 to 10.93. As predicted it is currently at 11.24 with a continuing fluctuation at this point. GPRO             may spike by tomorrow. Check it out.
snapshot
Comment: GPRO looks to be following the channel with a bounce at. 10.98 and a high so far at 11.40. Looking good, may start to resist at 11.60. Stay tuned.
ER on 07/27, is it safe to hold GPRO during the ER season?
+1 Reply
RAJK1234 mumuyang2
Personally I'm not sure which way GPRO will go after July 27th Earnings Report. But I would be slightly weary since GPRO has seen massive declines from previous Earning Reports. I could suggest that it might stabilize between 12.00 and 10.00. To go even further, GPRO has announced that they are going to come out with new cameras (including VR) and a new drone. However, there may be a down fall since other oversea companies are flooding the US market with similar products at lower prices. This could affect GPRO earnings in the future.
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