Trade ideas
GOPRO is ready to move: First 40% then 100%GPRO has formed a descending wedge and it is ready to move
The first move is likely to reach a 40% price increase to a significant resistance level
Then a move to a total 100% price increase is expected
You can wait for confirmation after prices cross trend line
Use a stop loss below ATL (All Time Low)
GL
GoPro - Boost In Second Half Of The Year Coming?GoPro, Inc. engages in manufacturing and selling camera and camera accessories. The company provides mountable and wearable cameras and accessories, which refers as capture devices. Its product brands include Hero7, Fusion, GoPro Plus, Quik, GoPro App and Karma Grip. It also offers an ecosystem of mountable and wearable accessories. The company was founded by Nicholas Woodman in 2002 and is headquartered in San Mateo, CA.
SHORT INTEREST
30.04M 07/15/19
P/E Current
-6.44
P/E Ratio (with extraordinary items)
-23.42
Average Recommendation: HOLD
Average Target Price: 7.10
#GoPro#GPRO Negative trend with positive light tipAs can be seen in the graph above, there are two very negative signs:
1.The beginning of a red cloud (potential declination).
2. Breaking the 200 moving average line (reinforcing the negative trend).
We think the price will continue to fall, but this is not a new beginning, but rather a continuation of the past that is - the price has ranged from $ 4 to $ 7.8 for several months already.
GPRO before 23% increase... The exchange rate builds on a double rising wave structure. The correction level is 6.77 usd. I look forward to this level back testing and further increase. The axis formed by the previous peaks is the "wave axis" of the rising rate. A half wave correction wave can be created for this axis by the movement of the exchange rate. The next target price is the second wave peak of 8.65 usd.
GPRO before 22% increase... The previous analysis was carried out by the movement of the exchange rate. He has reached the bottom of his correction level. No further reduction is expected. I assume a turn from 5,83usd level. In the beginning, I expect a weak rise, and then a stronger double wave recovery. The target price is 7.04 usd.
$GPOR HIGH OPTIONS ACTIVITY BEFORE EARNINGSGOPRO IS A GOOD CANDIDATE FOR A EARNINGS POP TODAY. OPTIONS ACTIVITY HAS BEEN QUITE POSITIVE AND LOW EXPECTATIONS COULD FUEL QUITE A MOVE AFTER HOURS. WE THINK REVENUE AND EARNINGS MAY JUST NOT BE AS POOR AS EXPECTED, WHILE THE TURNAROUND STORY COULD IGNITE INTEREST.
Company Description
GoPro, Inc. engages in manufacturing and selling camera and camera accessories. The company provides mountable and wearable cameras and accessories, which refers as capture devices. Its product brands include Hero7, Fusion, GoPro Plus, Quik, GoPro App and Karma Grip. It also offers an ecosystem of mountable and wearable accessories.