Signature GPRO "Triple-Indy" has been activated!There's a great opportunity for a quick play on GPRO at the moment. I have three conditions that needed to be met in order for this to work and they have all been met. I indicated the 3 conditions using circles in my chart. They are also listed below:
(Triple-Indy's) 3 Conditions:
1.) RSI needs to be touching/very close to the "over-sold" line.
2.) MACD needs to be crossing from BELOW the x-axis.
3.) Price action needs to cross the red SMMA 7 line.
Whenever the three conditions have been met, I have seen an opportunity to make some pretty generous profits (at least 70% to the upside).
And as of today, all three conditions have been met yet again, so my "Triple-Indy" strategy has been activated. If you're going to do something, now might be the perfect time to do so.
***This is NOT financial advise, it is simply my own strategy/ideas with GPRO. Do your Due Diligence!
GPRO trade ideas
GPRO squeezeBullish GPRO. Last quarter was a step in the right direction with gross margins expanding to 39.10% (15% YoY) , EPS at 0.03 (109% YoY), and revenues to 203.68M (71% YoY). The pandemic made people miss the outdoors, and now people will want to remember their moments while outdoors and on trips. This tailwind of re-opening has not been fully priced in yet. 12.30% of the float remains short
GPRO correction over.
GPRO correction over. My analysis assumes that we have reached the bottom of an accumulation band. It can be seen that GPRO symmetrically "pinpoints" both edges of the accumulation range. Therefore, we must now wait. Because I suspect that this daily 10% drop today is a stabbing of a similar nature. In this case, the current level could be the end of the correction and from this level another rise is expected. First target price 16.68 usd
Gpro 40% rise could start.Gpro 40% rise could start. My analysis is that in technical terms the correction could be over. From this we can conclude that we are on the verge of another upward phase. The chart shows that the corrective move was 21% from the peak for the previous fractal. I expect a repeat of this fractal. I calculate the current uptrend to be 40% in size. This would mean that the next target price : 15.27 usd. I note that the current fair value of Gpro is 10.53usd. Exactly the level where the share price is. This means that at this level we can neither talk about overvaluation nor undervaluation.
Translated with www.DeepL.com (free version)
GPRO 100% increase is coming.GPRO 100% increase is coming. Continuation of my previous analyzes. The analysis done so far is visibly working. My assumption is the continuation of the fractal sequence. "Sequence" means that not only the shapes of the waves are repeated, but their sequential sequences. Since we are talking about a "fractal sequence", this means that the fractal now being built can follow a growth rule. This growth rule will be fed by increasing ATRs. It can then be stated that the fractal now being formed can be twice the size of the previous fractal. Although, due to the logarithmic distribution of the vertical axis, we will see the percentage increase as the same. Nevertheless, we can still see it as an investment (taking a long position), because entering it at the current level can result in a profit of almost 100%. Target price can reach 26usd level.
Will the GPRO "Pop" last?GPRO has fallen since its initial gap-up "pop" a few days ago, which is expected. The question now is, will the "pop" propel the stock further into bearish territory. Because it came on heavy volume with an "Island Gap," I think so.
As you can see, it was trading mostly at the bottom of its trading channel. It might fall a bit more as the price settles in. However, as we advance, I would not be surprised to see it trade more towards the top of its trading channel.
This is not trading advice. I'm new to this and still learning. Please don't listen to me.
GPRO: Bullish Pennant (48%)Bullish Pennant (48%)
Pros:
Volume during post formation
Descending volume during triangle formation
PPS above 50MA and 200MA
RS above 0 and ascending
ATR Ascending
R/R ratio above 6
250RSI above 50 and ascending
200MA ascending
Target:
PT = 20.10$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do your own due dilligence. This is not financial advice
Stay Humble, have fun, make money!
Education:
www.dailyfx.com
HEAVY MANIPULATIONAnyone who has read the earnings transcript can easily fill in the blanks that this should not have been a near -20% drop
Someone REALLY BADLY WANTS YOUR SHARES
There is no way this should have dropped as much as it did which means big hands are manipulating the stock.
The headlines are reading ' miss on revenue '
But ignore adding cash to balance sheet and a successful in process to a recurring revenue model that has almost already stabilized.
Where this stock is at now is when the iphone stopped being reported by apple -- their revenue was about to come from another area... this was not favorable for investors but if you look back on when would have been the time to buy apple, it is exactly this time.
Short Go-pro @ 9.93 SL: 11.15 - TP: 6.28 RR: 1:3Short Go-Pro @9.93 Stop loss: 9.93, Take Profit 6.28, Risk Reward 1:3
Price went to Supply Zone of Month which is resistant in Monthly then created double Pin bar in Weekly chart. Also the double pin bar in weekly chart is created an bearish engulfing. Seller is coming and buyers is taking their profit