GOPRO is waiting for a big fall. We assume that GOPRO will rise in the next half of the year. But technically we see a bigger drop before that. According to our strategy, the exchange rate is down to the 6,37 USD level. Then he turns around, decelerating first, then reaching his 14,21 USD target price at accelerating speed.
Comment:
GOPRO started to rally. The fact that the correction described in analysis is met is likely to diminish this chance. Which, however, remains at USD 14,21 target price and profit level.
Comment:
2 reasons why we should not shorten the GOPRO share now.
1. Not started from the indicated correction period.
2. He did not begin to fill in the gap, but he moved with momentum
Therefore, to enter into a possible reversal, only a reduction in the price of a slowdown would be possible.
1. Not started from the indicated correction period.
2. He did not begin to fill in the gap, but he moved with momentum
Therefore, to enter into a possible reversal, only a reduction in the price of a slowdown would be possible.