Technical Analysis is probabilities, not certainty, well, Gopro (GPRO) shows a good probability to continue going up, it shows a good risk/reward as a trade. Also OBV (volume) looks strong and momentum which mathematically is the 2nd derivative of price movement is increasing fast (the 1st derivative is the slope of the movement). Finally the regression line is in uptrend mode after the breakout of the falling wedge, even w/ the Nasdaq correction we had last week, GPRO shows relative strenght. My target is around 50 - 51.65 (right before earning release on May 7th.)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.