LeMogwai
Long

$GPRO breaking, target : $50

NASDAQ:GPRO   GOPRO INC
517 28 9
$GPRO             is breaking up of the falling wedge .
Expect a target around $50 before seing some correction to retest the bullish trendline
lol, I was about to post a GPRO chart and noticed you had one up already...

I think it is not yet ready to breakup. Prob a 41.3 touch first?

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+5 Reply
Resistance around 45 and ema50 just above it. Not to mention the recent selling pressure on the way up to 44. MACD(9,19,9) has been thin due to the recent long move and could easily turn over and head back to previous pivot low 37ish.
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+3 Reply
This will be the trade of the year later this year. GPRO will eventually BO to 70+, it's just not time yet.
+4 Reply
jangseohee QuantitativeExhaustion
JR, back to its peak ^_^
+1 Reply
G13Man tradearcher
nice channel & nice to see u post
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G13Man G13Man
my comment & chart below
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Thanks. Here is the full chart with my TA-SEMA (experiemental) indicator; bearish is no background color and bullish is a lime green color.
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tradearcher PRO tradearcher
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G13Man tradearcher
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more comments
Bear Flags-pink, ,blue brush =about the same time lengths , ,blue arrows= previous gaps/support/resistance , , 1st down trend blue line back in play? down trend would be the bigger pay-off , but not confirmed yet
+1 Reply
G13Man tradearcher
we need an Elliot wave person to comment now , lol
+1 Reply
LeMogwai G13Man
nice chart, yeah we need someone to highlight the path :P
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LeMogwai LazyBear
Nice channel, it could be a possibility, the kijun of the 4h cloud is around $41.4.
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Dropped, as expected..it will retry tomm, I think..we will know if its gonna go back to 37 or break out and settle down :)

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+2 Reply
Very nice return on puts.
+2 Reply
This played out well (though I had to close my long around 45 -- shd've held!)
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+1 Reply
yes this was a good one.. watched that Implied Volatility rise and should have took advantage
+1 Reply
jangseohee LazyBear
heading for 70 in 3 months time?
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7878max PRO jangseohee
Yes a bullish gap up over resistance. Some will wait for a large retrace, but that gap was very bullish.
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This stock outperforms in fall/early winter. GoPro's will sellout for Christmas shopping season. Good chance will see GoPro drones too.
+2 Reply
i am waiting to see what it does after it fills that gap / support /resistance @ about 44.56
also down trend from wicks to the list i am also watching
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this gap fill is also where a gap above happened after IPO
i like LazyBear s channel , it starts at the last bear flag
, and a time mode of the down trend that is close to this up trend
over all i am more bullish till it breaks all these reasons
+3 Reply
It is going to stall at the 50 EM, then the 100 EMA shortly after.
+1 Reply
G13Man TheOmega
nice , added it to my chart to watch ,
+3 Reply
thanks all , @LeMogwai @chartmojo @LazyBear @tradearcher @JR , i bought GPRO may 40 P @ 2.34 this morning , and just did the stop loss so i would not lose if it reverses .
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+2 Reply
G13Man G13Man
and @david.hieb.54 for the 5o em i am using to track it
+3 Reply
price could still consolidate in a triangle which is inside my no man's land IMHV
the blue projection is optimistic price action
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+2 Reply
You think this upcoming earnings will trigger a gap up? IMO later/third quarter
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jangseohee QuantitativeExhaustion
very tricky indeed
+1 Reply
well we are at the 50 ,
great CALL
got my money on the PUT , but forgot to real trade this up
{ i did the paper trade and forgot to make it real}
face palm myself !!!
+1 Reply
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