Trade ideas
GPRO Trade SetupAs we can see in the daily chart , the price is moving between two trends that holding it between 14.84$ high and 8.62$ low .
we will assume that we are at a beginning of a new wave starting from the bottom . We are forming now a 2nd wave wich may be a setup trade for a strong 3rd wave but it needs to hold above 8.26$ to confirm. If my predication is correct , this wave can take us to 13.87$ breaking out the MA50 days and 11.29$ . My stop loss is 8.6$ wich is very low risk as it close to the bottom .
Wave 3 is the best setup for elliott wave traders . All start with predications and the market will confirm or invalidate .Wish for all you the best .
GoPro looking to go north I think - Still Cheap Stock.After it's all time low a few weeks back, GPRO has made a bit of ground. Slight retrace back to $9.50, but following candles and Friday's closing volume gives me hope for an impressive move to be seen from the Mounted camera makers. Long
GoPro what? I dont know how to say this... but Gopro is bullish... daily macd rising since september 2015, 4h is bullish... we could see some type of wedge before a breakout to the upside... i won't see the 3$ lol
GPRO Chart earnings estimateslooking at 1 day GPRO chart I was looking at the estimate tabs that show predictions of earnings then the actual thing when the date comes. I realize that the passed two were losses and each one was roughly -0.10 lower than predicted on each one. For example the estimate around Feb 3 was estimated at -.12 and the earning placed at -.21. at -.9 lower than predicted and then May 5 was estimated at -.64 while the earnings where -.73. does this mean the next could be around -.82 since its estimated at -.72? I don't know if this helps anyone but just something I noticed looking at patterns longterm. happy trading everyone
Why Is GoPro A Bad Investment?Well, I can't put my finger on it. This was a terrible investment choice last year and some how still looks like a bad investment choice. GoPro is a great company with a solid balance sheet. Cash is down from $128m to $36m. They have Long-term debt of around $35.7m, so not a huge amount for a company like this. I do however get the feeling that these action cams are easily replicated and there are a few European companies coming into the space. How long can GoPro keep its $500 price tag?
I am staying well clear with the anticipation of a drop to even $3 a share. I do hope I am wrong.
GPRO - Cheap stock - Daily look$GPRO bounced off its ATL very nicely. Probably quite a cheap stock to get into right now. I am waiting for a clear break above 50DMA - Yet to see what the companies new found partnership with Redbull has to offer.
GoPro's comeback? Seeing technical and fundamental reasons to take a position here...
Double bottoming at $10.
www.theverge.com
Nevertheless do keep a lookout for Russell 2000 to manage your positions accordingly if risk off
Bull div on 1D, Extremely oversoldDouble bottom on daily chart. People are sick of selling GPRO.
Willy thrusting up, wavetrend crossing up from bottom.
Crusher threw blue support level. I'm in.
Potential Huge gains, keep your eyes on 12.5.
Entry: 9.73
Sitting on the fence waiting for GoproWe wait for confirmation now. We are at a price not seem for many months.
A break below would not rigger a sell unless it is retested. This may be seen on a lower time frame, if it happens.
Otherwise another bullish rally to high 13's
(D) Good support since Feb's low.Technicals ruling until fundas prove otherwise. Feb's low is not far off should earnings disappoint. Tight trading ranges and S/R levels.
The ema50,ema200, red cloud, illustrates that more bullish volume is required to close the gap. One good outcome since the new year, OBV has made a bottom; which is mildly bullish overrall.
Obey your rules.
