GPRO update: almost there?

Over a month ago we assessed the charts for GPRO and noticed several improving facts. However, price continued to decline and as such we needed to adjust our POV and count as we let the market guide us. What we can observe now is that GPRO is wrapping up the last and final waves of…

GPRO update 10/19/2015: Time to get bullish!?

It’s been about a year since GPRO peaked at $100, and since then it has lost 75% (!!!) of it’s value. Hence, is it time to get bullish on this stock, which has smashed each and every earnings out of the ballpark beyond anybody’s wildest dreams and in fact is making a profit, which most…

GRPO reaching ideal wave ii/b retrace target zone

We’ve been tracking GPRO to the T, as it nailed our preferred target zone perfectly and then followed through with the expected retrace. The ideal retrace level is between $46 and $52, with a sweet spot of $51-$49. Price isn’t there just yet, and the daily TIs (not shown) do want to see lower prices…