GoPro (GPRO)
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 - 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
$SQ - Model Eyes 17.21 | #squareFriends,
A prop geometry is completing at the 12.65 handle, whereas the Predictive/Forecasting Model eyes a probable low at 12.43 - Look for a reversal to the UP-side if and once price reverses with bullish initial quantitative target at 17.21 and secondary target at 17.68.
Best,
David Alcindor, CMT Affiliate
Alias: 4xForecaster in Twitter/Linked-In
(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.
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!
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
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.
GPRO Homerun Long to $30/$37GPRO has traded quite nicely and quite predictable as it's a very technical following stock. I've been watching for a while now as GPRO is rippening. It's almost time to pick it. So starting on the weekly we do have a confirmed weekly MACD crossover, which is confirming what I'm seeing on the daily. On the daily we're diverging while staying in this slightly broadening wedge. A very predictable and self fullfilling type of pattern. Once we break this is a home run long and I also expect the 8/21 ema to cross over showing bullish momentum at the same time. Last time we crossed over was at the $60 mark then we sold off heavily. The first target is $30 where some resistance is, key fib level, and 200 ema. Then ultimately $37 where a huge resistance wall is, completion of the wedge and possibly where this major trendline is. The break should occur around $14 and a stop below $9.90 should be sufficient. This trade is offering close to 6:1 if the final target is hit.
I believe that GPRO is a buy. It's bottoming out.I believe that GPRO is a buy and is at it's bottom area. I think it will reverse and start climbing out. especially with all the new stuff they've been working on for the past year! Looking forward to seeing this back up in the $40's range :)
$GPRO "Mapping out the Probabilities"Gpro will show its hand very soon. A possible rally up to the gap will set the stage for what is to come next.
(D) Near term short.Gap down has brought price to lower trend line of bullish channel. OBV has weakened from last weeks price action. Also price is below all three (Green, Orange, Red) MAs.
GPRO -- COVERED CALL/SHORT STRANGLE IDEASEven though GPRO appears to be in a bit of a consolidative state here, volatility in the underlying remains high, with a currently implied volatility rank of 83 and an implied volatlity of 87. Translation: rich premium to be had.
I currently have a short strangle on, so I'm not going to be putting anything on here, but I figured I'd share nonetheless.
There are two possible setups:
Covered Call
100 GPRO at 18.22
Sell 1 Feb 19th 19 Call
Whole Package: $1718 (meaning your break even is $17.18 per share, excluding fees/commissions)
Max Profit: $182 (if called away at $19).
Short Strangle
Feb 5 13.5/23 short strangle
POP%: 76%
Max Profit: $108/contract
BPE: ~Undefined (Off Hours)
BE's: 12.42/24.08
Notes: GPRO's earnings are currently scheduled to be announced on 2/4, so both setups would run afoul of that. I wouldn't necessarily let that put me off throwing on a trade, but would look to take off the short strangle in particular in profit short of the earnings announcement, just so that my setup wasn't ripped about with earnings related price action.
With the short call in the covered call setup, I would be a little bit more psychologically comfortable straddling earnings, but would look either to roll out the short call in the covered call setup to take advantage of heightened volatility and therefore enriched premium or take the whole setup off at an opportune moment, such as when price breaks 19 ... .
Potential GPRO LongGPRO is diverging from the market even with a huge selloff today... I believe there is some interest in GPRO at these levels because of the huge amount of shares floating short. Potentially a bounce into the $30 area sometime soon.
-Ryan
