GoPro is GoNoob no more -- High probably comeback

Huge falling wedge since November 2014 and we have a monthly support at 37.13 which the price stopped exactly at 5 days ago.

What more can we ask from this? :D

Open: 37 - 40.35
Stop loss: 36.36 (just slightly below the lows)
Take profit: 51.6/ 69.29 (2 t/p level)
+1 Reply
LastBattle PRO Burrmarket
Good luck!
+1 Reply
Burrmarket PRO LastBattle
Added it to my watch list of course at the beginning of the year. I'll be buying the dip. :)
+2 Reply
Realistic approach, this wild cat played lot. Only if it breaks levels mentioned would be a good move for long otherwise it is pump and dump as it played for a while.
+1 Reply
Very good analysis. I might have jumped the gun on GPRO. In calls now, but I have money on the side for another round.
+3 Reply
G13Man QuantitativeExhaustion
JR , i noticed he is pro and that added wicks to his line vs mine
the good news is he is looking for a higher target then us .
i remembered my green line was for when i got in my puts,
my new up side target is is , well any of the above lines

I do like Lastbattles fibs
as for early jump , more profit :-)
+4 Reply
G13Man G13Man
for got can not ) in reply's , ie see that blank line in between the above comment
I do like LastBattle's fibs , Left to right - hi & lo
i am still learning and practicing , but not there yet
+4 Reply
hmm... I'm not too sure about the wicks.

Yeah, I always jump in early when certain conditions are met. :) (Eg: visible floor, falling wedge, double bottom) rather than waiting for lagging indicator to confirm.
Contrarian style of investing works for me...
+3 Reply
jangseohee QuantitativeExhaustion
Jumping the gun will give a substantial R/R ratio :-)
of course there is no guarantee, just higher % of success
+2 Reply
Go Pro Drones will double GPRO's revenue next year. Easily
+4 Reply
QuantitativeExhaustion QuantitativeExhaustion
GoPro: SUP And A Drone - North Shore Maui
Justin Edwards flies his drone just feet from surfer, Ekolu Kalama. Check out his shots from the North Shore of Maui. Shot 100% on the HD HERO3+® camera /watch?v=U1CjtkL17vQ#
+4 Reply
2use QuantitativeExhaustion
i see you're bullish on it ! :)
+3 Reply
Well sure, these sophisticated camera drones will allow anyone to produce movie like aerial/action shots. Camera drones add professional like footage to YouTube and other social video media. Many people will buy GoPro drones .
+3 Reply
jangseohee QuantitativeExhaustion
direct it to the beaches and swimming pools and record xP
+3 Reply
2use jangseohee
Ive seen such a product already, that follows you along as you wear a transmitter, best for surfers for example. But while Gopro tanked after a quarter where it sold 1000 cameras each hour, i am not sure they will be selling drones that much
+3 Reply
LastBattle PRO QuantitativeExhaustion
yeah agree...
So far GoPro have carved out a niche for themselves, not even the budget Xiaomi camera can compete with it despite it being priced at 1/2. (bad image quality even if its specifications matches the Hero )
+2 Reply
I am of the opinion that it is likely goining to hit 75% of 83.3 resistence level till year's end. Having that said I'll set my profit target at 62 USD (+53.6%).
+2 Reply
another touch channel support?
+3 Reply
jangseohee jangseohee
in smaller TF, looks like a bear flag
+3 Reply
G13Man jangseohee
i see u refined my chat comment & chart
i like that channel & the closing triangle
+3 Reply
G13Man G13Man
for other
i remarked how the circle could be flag,s /bear like the above earlyer one
+3 Reply
First target hit. It've been a long wait..
+1 Reply
AshYo LastBattle
Do you think the second target hit will come or this beast is going to go down again.
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