olly48

GoPro Retrace Offers Chance to Enter Longs

Long
NASDAQ:GPRO   GoPro, Inc
After yesterdays earnings report this has had a drop premarket but this retrace offers the chance to enter into a long position. The current pre-market price is 9.19 which aligns with previous structure so could be a good entry but 0.382 Fibonacci is lower still so there is a possibility for a further drop. I think any entry below 9.19 is a bonus though and waiting for a lower entry could mean missing out as this could quickly make up for yesterdays losses.

I have been in this trade for a couple of months, the original idea came from Meszaros who is a brilliant author on TradingView. TP is 17.68