adriel.arrasmith
Long

GPRO Homerun Long to $30/$37

NASDAQ:GPRO   GOPRO INC
113 0 5
GPRO             has traded quite nicely and quite predictable as it's a very technical following stock. I've been watching for a while now as GPRO             is rippening. It's almost time to pick it. So starting on the weekly we do have a confirmed weekly MACD crossover, which is confirming what I'm seeing on the daily. On the daily we're diverging while staying in this slightly broadening wedge . A very predictable and self fullfilling type of pattern. Once we break this is a home run long and I also expect the 8/21 ema to cross over showing bullish momentum at the same time. Last time we crossed over was at the $60 mark then we sold off heavily. The first target is $30 where some resistance is, key fib level, and 200 ema . Then ultimately $37 where a huge resistance wall is, completion of the wedge and possibly where this major trendline is. The break should occur around $14 and a stop below $9.90 should be sufficient. This trade is offering close to 6:1 if the final target is hit.
Comment: At this point $13.50 would trigger a buy, since it would be a break out of previous resistance and the channel we're in.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out