henryxue

Breakout Trade

Long
NASDAQ:GPRO   GoPro, Inc.
Gopro break weekly descending wedge, breakout $7 with strong daily volume. between 6.57 and 7.30 have a potential equilibrium pattern.
Plan:
buy at 6.76 and 6.66
stoploss at 6.49
target: 10-10.8
if stop out, get in, if middle band support hold.
Target: 1/2 at $7 and the half ride with trend to 10-10.8

It is only the personal trading note, not financial advice, but opinions and pieces of advice are welcome.
Good person to follow for TA---- TheChartGuys

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.