I missed the mark on the daily view. Bad entry! Lets dig a little deeper in to the charts. Hoping to see a turn around by the end of the week to confirm up trend.
Hi traders,
Last time we made great profits buying GoPro.
This is again a very nice long chance. Bulls are in the process of forming a big bottom.
I am expecting this to become another higher low on this chart.
We are now exactly on the 100 and 200 DMA and this is a nice "buying the dip" example on the bottom of the channel. I am personally seeing fundamentally ...
I will be looking to enter a call position at the bottom trend line. I think this has huge upside potential in the near future. Anyone who trades options should consider contracts for a long term buy all the way into 2019. I love the wedge that has formed, and will be looking to enter in this price range of $7.30-$10.
Watching to see if this drops to trendline. Ive been watching this since about march. GPRO has been moving very nicely! Lets see what she does.
For educational purposes only. GPRO
I love pictures like this, its so clear to me that bulls are now in controll, except something major happens i am expecting now several weeks and maybe months of upside in this stock.
Big earnings beat last week, are also fundamentally giving it some room higher.
Take a look at this longerterm weekly chart:
https://www.tradingview.com/x/4RNPtR09/
Most view GoPro -0.13% as a very risky stock . Well it absolutely is. GoPro -0.13% started at 24$ 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 ...
1) many rumors about a possible acquisition by SNAP (or some big...incoming tax holiday);
2) GPRO is at interesting price
3) chart: explanation in the chart
4) I'll be IN GPRO, waiting for entry point and looking for > TARGET A (first gap area +24%), TARGET B (second gap area +45%)
