GoPro, Inc. develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally.
Stock - Nasdaq (USA)
Buy - $6.67
Take Profit (Sell Limit) - $6.73
Stop Loss (Sell Stop)- $6.54
Take Profit = +1.05%
Stop Loss = -1.95%
There is a clear pattern that could potentially repeat on gopro. After the past two bullish TK crosses the price entered the cloud and completed an edge to edge, then proceeded to enter another bear trend. On the three day chart we just had the TK cross and are very close to entering the cloud.
The daily is less bullish,...
Extremely risky trade opportunity. But the setup is good.
Short term: Moving in uptrend channel and cloud. target is 6.50$.
Long term: falling wedge reversal could lead to a breakout and targets above 12$.
Stops below cloud at around 5$. Either enter on the kijun retest and place tight SL or wait for the breakout and cloud turning green.
Most view GoPro -0.13% as a very risky stock . Well it absolutely is. GoPro -0.13% started at 24$ went to 96$ and fell down all the way to 8$. That is very risky. This stock has a very high volatility so if you end up buying this stock at a very high price you can be trapped. But risk can come with a lot of income. GoPro -0.13% normally goes up to 8.50 and goes...
The Technical Outlook
Per the chart above, the next significant level is the high print going back to October of 2015. That equates to a ~61% gain from current levels.
As noted above, 33% of the float is short, which tells me there is POTENTIAL for more upside.
Let's look at GoPro's recent quarter.
"Revenue will be $190 million to $210 million...