GPRO LONGPrice is in a uptrend chanel, bouncing on the support level, good time to enter a long position with a good risk-reward ratio.
Trade ideas
GPRO Massive Jump Next MondayNASDAQ:GPRO is expected to have a potential bullish run on Monday September 19th, with the anticipation of GoPros new Karma drone to release. I would consider this stock for the week of the 19th, expecting it to rise to about 14.14 (at its next resistance level). Check it out.
OPENING: GPRO OCT 21ST 13 SHORT PUTHere, I'm just trying to suck in a little bit of premium without being all in on the stock ... . (Filled for a .64 ($64)/contract credit).
As usual, I'm selling the strike nearest 30 delta.
I'm fine with getting assigned at 13 (after which I'd proceed to sell calls against), but would naturally prefer cheaper, so will keep an eye out for opportunities to roll down and out for credit and duration if I get a shot at it. Naturally, the Oct 21st expiry is around earnings, so that's something I'll have to keep in mind ... .
What do you think about that? You can see this pattern has been?It seems to me like a cup of coffee, with a break point at the end of the handle. On the announcement of karma 09/19/16
GRPO - Out of trading range into an uptrendGPRO traded in 9-15 range for most of 2016
today we got a break on HIGH volume after retesting previus resistence at 14
2 targets on chart
GPRO Going Down Tomorrow Too?NASDAQ:GPRO is still following its channel, which could mean that it will continue to fall (until it reaches it bottom boundary). I would not be surprised if this happened. Check it out. (looking between 12.14 and 11.86)
GPRO about to ramp up..go longFrom the chart it looks like GPRO is about to break this trend line and test the 200 dma and if it breaks look for more gains in the near future
GPRO May Have One More PeakNASDAQ:GPRO could go up tomorrow between 13.28 and 13.46 (WHICH IS LIKELY). However, it could fall to a lower level of 12.78 (WHICH IS LIKELY FOR MONDAY). Check it out.
GOPRO POSSIBLE SCENARIOSGopro seems inside an expanding channel, with a little bullish divergence for a possible leg up. I'm expecting a breakout of this channel to the downside.
Going long on $GPROGoing long from here with the company launching the most highly anticipated products during holiday season. Possible going pass $20s. LONG!
Long GPRO The trend will likely continue to go up into earning. I'm going long as it will likely break $14s by end of week.
GPRO Has hit the Support RangeUPDATE: As described in an earlier idea (about 2 hrs ago), GPRO will continue to fall within a range of 11.28 to 10.93. As predicted it is currently at 11.24 with a continuing fluctuation at this point. GPRO may spike by tomorrow. Check it out.
GPRO Spike SoonNASDAQ:GPRO ready for support between 11.30 and 11.28, within the next three days. This could be GPRO fifth spike since May 18th 2016. Check it out.
