reversalradar

GPRO Bullish Divergence

Long
NASDAQ:GPRO   GoPro, Inc.
0
MACD 4C shows prices have continued to the downside while MACD has a positive trend. This bullish divergence spells reversal for GPRO. MACD has broken to trend likely temporarily here and prices are a relative bargain as MACD is expected to conform to positive territory over the next month. This also looks like a capitulation bottom yesterday w/ the high vol sell.

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