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

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:

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):

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:

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:

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:

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:

Best,

David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster

Comment:

UPDATE - $GPRO - 02 MAY 2017 - Target Hit

Thank you.

David Alcindor
Alias: 4xForecaster

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