Buy $GPRO At First Sign Of ReboundGoPro looks to be creating a head and shoulders reversal pattern. It is bouncing off of strong support and I expect it to thrust to $11.44 before pulling back and thrusting up even higher. Money flow is increasing and stochastics show it is way oversold NASDAQ:GPROLongby marklavilla1
GPRO ReboundExpecting movement in this manner till mid/early 2017. Shifting business models takes time and pain, delayed production Fib retracement shows .618 support at approx. 12.35, and .5 retracement to approx. 11.55. MACD cross over, showing oversold on RSI. Entering longs, will short weekly's when resistance and momentum show indicators. Longby dfburke3
A lot of bad news in the price: Get exposed.This thread takes over from the previous one: "Oversold: Buy the dip." BAD NEWS OUT OF THE WAY? The stock was demolished after disappointing earnings and the drone debacle. This lead many analysts to downgrade it (current consensus rating = HOLD) with an estimated average target price at the current money. There currently seems to be a lot of bad news in stock. Short levels have also sky-rocketed recently. CROOKED H&S OUT OF THE WAY During this debacle, GPRO completed a somewhat crooked head & shoulders formation and the stock retraced back 55% of the distance from the top of the head to the neckline. It currently looks like it stabilizing in a flat consolidation channel / new trading range. WHERE TO NOW? Expecting the stock to take the same time to rebound as it did to complete the H&S - 3 months. Expecting limited downside from here, although more disappointments or a rough market could take it below the historical low, towards the 8.00 level. THREE TRADING STRATEGIES 1. Outright Long Buy here and hold for a breakout above 11.35. Stop loss at 9.75, as trading at/below that level would invalidate the rebound. 2. Synthetic long only Pay $0.43/share for a call option expiring on Jan 20'17 to purchase the shares at $12. 3. Costless options strategy Buy the Jan 20'17 $12 call at $0.43/share and pair it with same maturity $8 put at the same price. $8/share is a good place to go long if the stock continues to slide because: a) it represents a 90% completion of the H$S formation target, b) it is 7% below the historical low, and c) that level would probably spark take-over discussions to pull the stock back up... Trade safely.Longby HAL9000Updated 2
Oversold: Buy the dip.Negative news regarding operational manufacturing issues at GPRO have brought the stock down more than 20% in 2 days. The stock currently looks majorly oversold, as the market discounts a disappointing XMas season ahead and less than satisfactory Karma drone sales. This looks overdone. betting on short-term rebound as shorts take profits. Buy at the market with a stop-loss at the recent low of $9.90. Money at risk $0.65/share. Target $12.00/share. Reward/Risk = 2.3/1.0.Longby HAL9000Updated 1
go GO PROA fall from Sep 2014 for 2 years bear market, GPRO is a buy, not yet though. Probably end of the year or 2017 start. The cross of bull (green line) and bear (the red line) is one 2016 Dec 27. It has a marginal error of about 3%-6% Longby sum11
GPRO: Technical long setupGPRO is currently correcting the recent advance, pulling back to support where we can go long, aiming to capture a rapid move to the upside after earnings are out. I'm sure the HERO5 listing problems with AMZN will be resolved soon, restoring investors' confidence in the company's revenue. (AMZN sales correspond to 14% of the company's profit) Risking 0.5-1% here is a good idea. Good luck! Ivan Labrie.Longby IvanLabrieUpdated 181813
GOPRO hitting the trendline but can retrace moreGOPRO hitting the trendline but can retrace more, look for the break of the correction trendline.Longby TAS_is_Goliath_Capital_GrowthUpdated 4415
$GPRO - short setup (hourly chart) - DayTrade$GPRO - short setup (hourly chart) - DayTradeShortby Charting561
Buy GOPRO INC. (fundamentals)Really good reviews on their new KARMA drone. Super competitive and meeting expectations. The company has been having a bit of problems with the supply chain but they are working on it. The new drone is just superior to their competition. We still dont have the numbers about the company´s performance with the new drone, for more conservative investor you should wait, i bought a third of my position now and i will update whenever we have numbers. But as investors always say: "taste your company" and karma drone tastes so damn good.Longby JoaquinEsteban1
Long here vs 13.7 pivotTrend line support and pivot support at 13.7. Great to go long here against those two major supports.Longby swing_trader420
long up the channelLong to 16 conservatively, 18 or even 20 if you are aggressive.Longby austin.bowen.7790
GPRO chanel tradePrice is in a uptrend chanel and might bounce again on the support level, lets wait some candles of confirmation before entering the trade. Español: El precio se encuentra en un canal alcista, y quizás rebote nuevamente sobre la linea de soporte, esperemos por algunas velas de confirmación antes de abrir una posición.Longby Tecnologia_FinancieraUpdated 2
Gopro nearing pivot level. Good time to get long?Gopro nearing pivot level at 14.00 If I was looking to get long, I would lean against 14.00 and stay long as long as that level holds. I would stop out under 12.00. The 20 level is the next obvious level of supply, but after that it is pretty open. Gopro has underwhelmed investors since going public, hence the steep slide. In my view, stock prices reflect the companies future earning potential weighed against expectations. As always, have a plan before you go into a trade. I always find a checklist useful. 1.Entry 2.Stop 3.Target 4.I am going long/short because X.... Writing things out will help you go back and evaluate your thinking. by CalebDismuke0
Ride the GPRO bandwagon?POOR FUNDAMENTALS, BUT VALUATION COMPELLING? It took a BUY rating from BAC, ahead of the much anticipated Karma drone product launch (conference due today) to propel the shares significantly higher, even though the company has been suffering from decreasing topline growth rates and an unprofitable business model. Will this trend continue? TECHNICALLY STRONG After the infernal descent of 2015, this year has mostly been one of consolidation for GPRO. Since the all-time low of mid May 2016, it has staged an impressive rebound (c. +80%) and it seems that the rounding bottom formation of 2016 is ending successfully, in a breakout to the upside supported by good volume and preceded by a golden cross. Today is the 3rd day of vertical upside on significant volume, suggesting some sustainability to this movement. Those tempted by further potential upside could initiate a partial position here and buy further on weakness all the way to $14.00. If the breakout is further confirmed, the upside potential from here could be substantial but given the recent outperformance, the trade should take time to unfold. Allow wide stop losses to give this trade some time. HOW TO TRADE THIS? Key levels on the downside: $15.00/14.50/14.30/13.50 Key levels on the upside: 16.25/20.00 Aggressive investors should use a 13.50 stop-loss (-14%) more cautious traders should use a 14.30 stop-loss Alternatively, buy a 21/10 OTM Call with a 19/20 strike and pay some 2% for unlimited potential upsideLongby HAL9000Updated 3