GoPro undervalued ?
Updated
Extremely risky trade opportunity. But the setup is good.
Short term: Moving in uptrend channel and cloud. target is 6.50$.
Long term: falling wedge reversal could lead to a breakout and targets above 12$.
Stops below cloud at around 5$. Either enter on the kijun retest and place tight SL or wait for the breakout and cloud turning green.
Short term: Moving in uptrend channel and cloud. target is 6.50$.
Long term: falling wedge reversal could lead to a breakout and targets above 12$.
Stops below cloud at around 5$. Either enter on the kijun retest and place tight SL or wait for the breakout and cloud turning green.
Trade active
GPRO did exactly what i expected. Cloud turned green and breakout is imminent. Looking good so far.
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