J.Livermore
Long

GPRO: the simpler the better, back analyse.

NASDAQ:GPRO   GOPRO INC
162 0 2
For once, I come with a review on a trade I didn't published but somehow I kept the original chart link.

The goal is to show you, how with very few indicator and high level chart we can set a great profitable trade.

snapshot

Early April (the 2nd) I've been long on the stock with this simple chart drawed. Needless to say, it doesn't need a lot of explanation.

In logical order:

- Double bottom at $37
- Break of bearish resistance (black)
- Followed by a pullback on $40 key level
- And very nice rounding RSI bottomish setup.

Very often, the simpler the better !
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