Long GOPRO if cross $15 or drops to $5. GOPRO has dropped significantly from the peak.
the price has been in a narrow range for quite a while.
Good to long if it crosses $15 (previous price gap level); good to short if it doesnt and then a better price to buy is at $5. upside potential is $44~$45 level.
Trade ideas
GPRO: Weekly uptrend in playGPRO has a very interesting accumulation base and has fired a signal to go long.
The blue zone is the ideal buy zone, but you can look to join the trend from the daily chart as well.
Stops should be below the red box on chart ideally.
Target is 19.36, to be reached within at or before May 30th.
Good luck!
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Cheers,
Ivan Labrie.
$GPRO (W) Potential zone for knife catching?Mind you, it is still bearish. But not as nasty as before. It may retest support of 9.50 if bulls are gonna sit out next round.
Put your money to work at the right times. Let others do the hard work and manage draw downs. Be patient. Let it round out a bit more.