$gpro in bullish channel - question to prosHi all,
Noob question - how would one forecast the top in this channel? I can't think of anything but 'it'll keep following the channel until it doesn't'.
Any help and guidance appreciated!
Trade ideas
GOPRO INCif the price breaks with force and closes below the yellow trend line a high probability that the next target is $3.04
if the price breaks with force and closes above the horizontal white line ($3.36) a high probability that the next target is $3.65
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GoGro stock analysisI am expecting Gopro to go down in the next couple of days, though continuing the downtrend
1) there is a false break out in the high area of confluence, confirmed with a large bearish candlestick
2) Price crossed the upper Bollinger band, signaling a reversal in the short uptrend
3) watch closely the RSI, as it's getting higher
What I could suggest is to wait for confirmation, maybe on Monday noon, and go short.
GoPro: $4.50 Short Target + Long PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let us get into some of my insights. GoPro once was more than $98 per share. It has been an under-performing and underwhelming stock since its entry to the stock market. The recent earnings call wasn't so great and now they are trying to refocus their strategy. They also have an earnings call on May 07th. Can there be light at the end of the tunnel? I think so. GoPro still has hundreds if employees, it still has the same Nick Woodman who lead them to the market, and it still has growth potential. The main thing is the demand curve went down as a result of seemingly increasing competition. That being said, at the price they are now, they have a chance to regrow, and many people are giving it buy ratings even with its thus underwhelming performance this year. This makes me expect it to pass the $4 threshold in a matter of weeks, and likely pass $4.50 quite soon as well. It is too early to call a long potential, but I think they may have a shot.
Go-Pro Continues To Fly! 45% (GPRO)Major Resistance did not hesitate.
Breakout of major Resistance is red circle.
Now we will see if it wants to pullback and create a new support.
Up 34%! (GPRO)Yooooo what's going on traders? 😁
Hope we having a good week so far!
Gopro update, I now have my eyes set on this squeeze.
I will consider selling 3.20 break down, but not too aggressive since the price entered was a very good price.
Daily and weekly are showing signs of lots of green.
I think on a scalp now would be a nice take profit as you can see the color trend Crossover on my candles.
Than look to play the breakouts to the up or down
Break up should result in large push to the upside.
Play that S&R
Good Luck!
20% GoPro! (GPRO)I analyzed this as a knife catch at $2.46 off major support on april 2nd.
Currently sitting up 20%!
Double bottom bounce off support.
She got some good room to run, I'm staying put until Crossover.
Than I reconsider
Good luck! Get that money
$gpro is struggling to go beyond the 10day EMA$gpro is struggling to cross the 10day EMA. If it closes above that, I can see it re-test ~$3.00. Otherwise, we're likely stuck below the 10day EMA for now.
GPRO may have finally found a bottomDespite all the bad news and sentiment surrounding GPRO, I think it may have found a bottom here. We can see that with each major bottom over the past couple of years, it has created bull divs. At the curent floor of 3.5, there appears to be a decent amount of demand as shown by wicks on the weekly chart. We can assume that as long as there is hope for this company, 3.5 seems to serve as a base. Assuming they can turn the business around, I believe all it will take is one good earnings call to send this stock to the apparent horizontal resistance above $7. I think the 200 daily MA is providing a de facto first line resistance, currently at 4.5. Everyone knows people using and buying GPRO products, so obviously it's still a very real company with real products. As long as they can get themselves into profit and over this hump, we can expect much, much higher upside.
$gpro needs to break either of the two linesGoPro seems to be bouncing off the 50EMA and the line I drew which goes back to the May 2019 highs of ~7.66. Both lines may cross in the near future as well. I think if we close above either, we might see some nice green $gpro candles.
GPRO may rise again.GPRO may rise again. The technical picture of the exchange rate may be suitable for a further rise. You can see that it is moving within an accumulation range. My assumption is that you can build a rising fractal whose amplitude is twice the amplitude of the accumulation area. Target price 6.25usd
My personal chart on GoProPosting it publicly as-is for record keeping purposes so it cannot be deleted. ;-)
Much love,
MC.
$GPRO #GPRO a fresh look on old foemust be a Season , don't know , but oversold and pattern called for the fresh look again ..no position yet as of today
GOPRO INC. (GPRO) Weekly ChartDates in the future with the highest probability for price direction reversals
GPRO - DownTrend => SYM-TRIGoPRO stock is in a downtrend, with the potential to breakout to the upside
GPRO before opening + 20%.GPRO before opening + 20%. the exchange rate may be ahead of a significant increase of nearly 44%. An interesting regularity can be observed for GPRO shares. According to good reports, the rise in the exchange rate "returns" the "gap losses" before it. The current situation is interesting in this respect. Based on the technical fractal analysis, we are ahead of a significant rise. The second rule is "gap mirroring". That is why I expect tomorrow to see an increase of more than 20% at a time. Target price 5.97usd.
Only a matter of time for this guyI see several broadening triangles pinching right up at earnings. I expect earnings to go great this time around. Risky, but I only see upwards from here.
GPRO LongGPRO is traveling in a bullish triangle with in a bullish rectangle. It hit double top with a lower time frame and has broken through a bearish flag. Hoping to have it hit the resistance of the bullish triangle to go long.
GoPro About to moon if it breaks this lineGoPro About to moon if it breaks this line. It hit it and bounced off of it so far. Let's see what happens during the day.
GPRO before rising 37%.GPRO before rising 37%. The exchange rate can continue with a rising fractal made of a double-wave structure. Therefore, I expect a more sustained upturn in the coming days. The analysis shows that the exchange rate can be 1: 1 fractal copying. These fractals are interesting. :) After all, "spike" was apparently copied. This phenomenon has been observed many times during fractal copying. If the idea is correct, the target price increase is 5.85usd
