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GoPro - Grab yourself a HERO10 with the PROFITSI read a post on tradingview talking about gopro awhile back, and I read a lot of good things. So much so, that I bought two gopro's for myself. The software was a little buggy, and the camera would overheat sometimes, but wow, it took some incredible shots. The motion stabilization technology they have makes for some insane shots. I've been watching this stock for awhile and I think it's gearing up for another run-up.
I've marked some key prices to watch for, but I really think we'll see this stock around $17 in Feb/March. I couldn't figure out how to explain what I was seeing in words, so I drew it out on the chart.
Anyone else seeing this possible run-up for gopro?? I think I'm getting ready to grab some options.
GOPRO End of correction.GOPRO End of correction. The technical analysis shows that in the longer term, NASDAQ:GPRO is moving into a wider channel. The top and the bottom of it are ATR axes. It can also be seen that in a symmetrical wave structure, it went out of the lower channel (yellow wave cycle) but after a few days it rose back up towards the bottom of the channel axis. This is currently being back tested. It is expected that in the coming days the back testing will be completed and a strong rising wave sequence may develop with a primary target price of the upper ATR axis of the channel. This level is 16.85 usd
11/14/21 GPROGoPro, Inc. ( NASDAQ:GPRO )
Sector: Consumer Durables (Electronics/Appliances)
Current Price: $11.16
Breakout price trigger: $11.00 (hold above)
Buy Zone (Top/Bottom Range): $10.65-$9.90
Price Target: $12.50-$12.70 (1st), $13.80-$14.00 (2nd)
Estimated Duration to Target: 19-21d (1st), 39-41d (2nd)
Contract of Interest: $GPRO 12/17/21 11c, $GPRO 1/21/22 12c
Trade price as of publish date: $0.72/contract, $0.68/contract
GoPro Looking Good The 12-month price forecasts for GoPro Inc have a median target of 10.00, with a high estimate of 13.00 and a low estimate of 9.00. The median estimate represents a +13.51% increase from the last price of 8.81.
GoPro is in a bullish channel offering fair price, more buyers are getting in and creating strong confidence level.
- Our option for #GPro is BUY IT.
Do your research before any trade or any investment, make your own decision, be patient and look long term wisely.
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Thank you for your time.
Have a profitable trading.
| Review and analysis by Samadi.Finance |
Nice breakout, possible target $14.75GoPro, Inc. engages in manufacturing and selling camera and camera accessories. The firm provides mountable and wearable cameras and accessories, which it refers to as capture devices. Its product brands include HERO9 Black, HERO8 Black, Max, HERO7 Black, HERO7 Silver, GoPro Plus, and GoPro App. The company was founded by Nicholas Woodman in 2002 and is headquartered in San Mateo, CA.
GOPRO is on the rise.GOPRO is on the rise. The analysis shows that the correction range ended at the level of 8.48 usd. It can also be seen that yellow-green ATR axis was confirmed in yesterday's trading. Therefore, I expect a build-up of the predictive wave sequence highlighted in white to continue. Another support for my theory comes from the analysis of fractals. Here we can see that the correction of the previous fractal (35%) is exactly the same as the correction of the currently completed fractal (orange square). The fractals help to form the target prices. Two target prices are shown here. One target price : 20 usd. Note that currently this target price corresponds to the future fair value of GPRO, which is 20.62 usd. I expect further upside thereafter and I expect the second wave of upside to be completed, which I have indicated with two parallel lines and is 260%. Therefore, the next target price based on this is 29 usd. To sum up : a further significant rise is expected.
GPRO - D :: Price at 0.5 Fibo Retracement It might be a good time to retest the resistance region. The price is in the 0.5 fibo region, and this could mean a reversal.
At the moment the RSI is below 40.
TP1 - $11.9
TP2 - $13
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Pode ser um bom momento para o re-teste da região de resistência. O preço está na região de 0.5 da fibo, e isso pode significar uma reversão.
No momento o RSI está abaixo de 40.
TP1 - $11.9
TP2 - $13
GPRO is quietly preparing for a huge rise.GPRO is quietly preparing for a huge rise. I wouldn't have given much for Gopro shares 3 years ago, but apparently the complete restructuring of the commercial and corporate infrastructure, the rollout of cloud services, has worked out very well for Nick Woodman and his team. The WALL STREET view is that if a Tech company goes from 100 usd to 1.5 usd, it's over. Well that's not the case with Gopro. It was reborn as a brand new and dynamic company. Let's look at the technical picture. The movement of the Gopro wave is well described by 3 axes. The cross points of all three axes are the 15-day D1ATR data. This means that the axes capture 6 months of data. You can see a pink axis that connects the D1ATR axis to the rising wave and two white D1ATR axes that define the two edges of the accumulation phase. Calculated with 14-day average values, of course. It can be seen that a flag pattern is forming between the two white D1ATR axes. Alternatively, the already familiar pink ATR axis is given, which provides a resistance level for the rising wave. To summarize. Going forward, I expect Gopro to exit the accumulation flag formation and start to move up. This would imply a rise of nearly 121% from the current level. Target price : 23.32 usd
GPRO bounce off of 200 MAGPro is showing signs of a bounce in weekly chart inside of a pennant while moving down in falling wedge/ downward channel. if it can pick up some momentum with this bounce and earnings report, it should breakout.
about 6 to 1 but return but obviously we cant know how long it will take
stop loss= slightly below 200 ma
profit targets for me=
pt1 11.75
pt2 12.6
pt3 13.75