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, as the price entered a downtrend after...
Gpro technical accumulation before greater gain. We expect the exchange rate to continue strengthening. Therefore, the current sideshow is understood as a technical accumulation. Its bottom is 6.84 usd level. We expect a steeper climb from this level. This is assumed on the second steeper ATR axis. For the exchange rate, you can go up to 10 usd levels.
This after its IPO spike a few years back has been punished by the market, however we feel now is the time (and covered on our blog many months ago) that GPRO 7.25% / GoPro 7.25% may be making a comeback, and now that they have released their new advertisement for the Hero 7 with MUCH improved specs this is a good case for a huge recovery as: 1) Coming into...
GPRO has created a wedge with clear support and resistance areas, as well as long-term uptrend. The wedge is coming to an end and I believe it will break up significantly.
The exchange rate may change to a steeper climb. Based on two factors, this conclusion can be drawn. The first is the ATR of the exchange rate nearly twice the value of the previous week (this was not reflected in the exchange rate itself). The second is that it has arrived in a rate field where higher traffic is expected. The axis of the ATR (purple line) is...
In a previous analysis I described that the GPRO could start to slow. This is because the angle of the ATR axis supporting the rise is flat. Therefore, the current motion track follows this. But slowly we reach a steeper ATR axis. This may be the consequence of a faster-rising exchange rate. Exchange rate movement analysis does not include wave structures. These...
Hello traders, we have here a potential short for GoPro. Using our Elliot Wave tool we can determine we are at the start of our Wave C. An expected target of $5.00 is possible. Happy Trading. Telegram link in Bio
The low price with ATR slowly and flatly builds its wave structure. Currently, the second rising wave structure can be built. The target price increase is 8.15 usd.
Stay with GPRO in long. Multiple wave, sub-wave structures can be seen simultaneously on the graph. But the end result is the same. The decline in the exchange rate is likely to stop. The second ascending wave structure (green line) is started. the slope of the increase may be higher because it is moving along an accelerating ATR axis. The second wave structure...
GPRO share price accelerated. The exchange rate moves in the second rising wave structure. Its rise rate is likely to increase. For the rise I'm waiting for 8.81 usd.
Long with green dotted lines as targets.
A descending wave structure. Further fall. The exchange rate is based on the ABC waveform structure of the previous rising wave structure with a target price of 4.99 usd. I expect a further rise from the 4,99 usd level.
So, I explained on the chart. It doesn't have to go all the way down to trend line, but that would mean a truncated 5th wave of a 5th wave. So, if the company was going to succeed, that would signify a possible good long term buy. But watch price off the 200ma on 4hr. May get a buy entry from that spot for at least a scalp.
GO Pro looks to be in an ending diagonal for it's 5th wave of long decline. looks to be retracing some at least. It can correct and continue up, but I would be looking for a 3 wave structure here then one more down. I will post it zoomed out so you can see what I mean. The top trend line can be moved up and this small wave can turn into a larger 3 wave. Whether or...
Extremely risky trade opportunity. But the setup is good. Short term: Moving in uptrend channel and cloud. target is 6.50$. 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.