After yesterdays earnings report this has had a drop premarket but this retrace offers the chance to enter into a long position. The current pre-market price is 9.19 which aligns with previous structure so could be a good entry but 0.382 Fibonacci is lower still so there is a possibility for a further drop. I think any entry below 9.19 is a bonus though and...
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...
The exchange rate builds on a double rising wave structure. The correction level is 6.77 usd. I look forward to this level back testing and further increase. The axis formed by the previous peaks is the "wave axis" of the rising rate. A half wave correction wave can be created for this axis by the movement of the exchange rate. The next target price is the second...
Gopro shareholders, be calm. The exchange rate movement does not look beautiful. The rise is weak and uncertain. But technically, the exchange rate has a 0.76 USD daily ATR. The area in which it moves is bordered by a flat ATR shaft. Few small trade. It is also rather short. I indicated a white rectangular area where the exchange rate may start to slow moving...
