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.
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.
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.
@ValerioSecondini, First, thanks for your comment. I know there were a lot of bad news around Gopro. But I like a company very much. So under 10 USD, I'm already buying it. I think they're starting to move in the right direction, but the road is long. In 2015, there were queues for upsets of $ 50-60. Now they do not even buy around $ 8 . If the company went bankrupt, it could have done so long ago. In the short term, I'm optimistic about Gopro. Technically, I'm going to buy it in the down-stream stage before the financial launch.