Long Gopro...54+ by earnings, 59 target 44 stop
Gopro has a lot going for it going into earnings. Amazon had a blow out quarter and gopros were a hot type sold over the holidays. In terms of the charts we have the stochs short and long term looking postive, MACD and RSI pointing up.
Gopro finally broke through the downward wedge pattern and looks to move towards the 20MA at 53.64 by earnings. Good chance we rally pass the 20ma and then retrace back to it by close on thursday.
Target on Earnings is 59 right at the 50 MA. Hail Marry would be 70 if we have a blow out quarter.
On the downside we have some short term stop at 44 and 41. I think the shorts play is before earnings. I believe the earnings will be good
Gopro finally broke through the downward wedge pattern and looks to move towards the 20MA at 53.64 by earnings. Good chance we rally pass the 20ma and then retrace back to it by close on thursday.
Target on Earnings is 59 right at the 50 MA. Hail Marry would be 70 if we have a blow out quarter.
On the downside we have some short term stop at 44 and 41. I think the shorts play is before earnings. I believe the earnings will be good
Kris "Maddog" Kagan -
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