H&S pattern signaling possible exhaustion of trend

Nov 7, 2017

GPRO experimented a considerable breakaway gap upwards and has had considerable volatility since then. Yesterday's -2.41% valuation could signal the end of this trend and back to the previous one, which was slightly, but clearly, bearish.

Nov 8, 2017

Note

GoPro's price is bouncing off the $8.6 resistance, showing a slight bullish divergence between yesterday's and today's dips. If it stays this way we may see the horizontal trend holding up, if it dips below $8.6 then it's probably going down.