4xForecaster
Short

#GoPro No-Go, IPO Below H2O | $GPRO #nasdaq

NASDAQ:GPRO   GOPRO INC
1168 11 25
Downside risk:

1 - Reciprocal ab = cd symmetry eyes sub-$5.00
2 - Predictive/Forecasting defines probable support at 23.99, limited upside to 36.97, bearish target at 7.28

OVERALL - BEARISH

David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA

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TradingView - Alias: @4xForecaster
Comment: 12 NOV 2015 - Chart Update / Tech-Note:

Expecting 23.99 to provide temporary buoyancy:
snapshot


David Alcindor
Comment: 16 NOV 2015 - Chart Update / Tech-Note:

On 12 NOV 2015 (4 days ago), I posted this smaller timeframe (hourly), defining 20.98 as a probable target, as we are considering in the WEEKLY chart posted in the original analysis, a temporary upswing to about 36.97 (last resistance before further downtrend):
snapshot


As of today, this 20.98 has been reached, and price has remained stomped - Again, expect an interim rallying into the temporary resistance level described in the original analysis:
snapshot


David Alcindor
Comment: 05 MAY 2016 - 05 MAY 2016

As per forecast, price continues to descent towards $7.28 bearish target as defined last 12 NOV 2015:
snapshot


Best,

David Alcindor
Comment: 12 MAY 2016 - Chart Update / Tech-Note:

As forecast, price continues to carve lower lows, now breaking below prior 9.01 nadir:

snapshot


Original bearish target of 7.28, defined last November 12th remains intact and in force.

Best,

David Alcindor
CMT Affiliate
Comment: 20 JUN 2016 - Chart Update:

Forecast target at 7.28 defined last NOV 2015 remains pending, intact and in force:

snapshot


Best,

David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster
Comment: UPDATE - $GPRO - 02 MAY 2017 - Target Hit

snapshot


Thank you.

David Alcindor
Alias: 4xForecaster

More CROW Code Signals on Twitter (#CROWSignalService)
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
how do you detemine this 7.28 price ?
+1 Reply
Hello @red43 - Using the same Predictive/Forecasting Model I use in any priced asset.


David
Reply
BLUE43 TOP 4xForecaster
ok do you have seen divergence making and near 5 ww on 30 min ?
+1 Reply
@red43 - I don't feed divergence to my Model - With some forced distortion, 20.xx could offer a floor, otherwise I am not certain ... I'd have to stick to the original timeframe scale.

Following is both a channel and a "strained" Wolfe Wave (i.e.: Forcing the pattern to retain some validity, despite near-parallel sides):

snapshot


David Alcindor
Reply
2use 4xForecaster
thanx, watching this
Reply
Could you please take a look at AMBA?
Reply
Any update on this one David?
+1 Reply
Hello @abail - Ni change in target of 7.28, as defined last November 2015.

David
+1 Reply
abail 4xForecaster
thank you
Reply
Hi,
Nice, seems like your target was finally hit! I was following this prediction since the beginning. Is the bottom in now and the next target will be 36.97$? An update would be nice on this one.
+1 Reply
@cheapsheep, thank you for the heads up on the target. Somehow, the alert line expired. Yes, this should represent a probable bottom. I have not developed any further analysis on this one, as I have moved my service to a separate signal service - Feel free to follow me on Twitter.

Best,

David Alcindor
+1 Reply
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