GPRO > Hot name in distress with 15% SI and 3.5 days to cover. IMHO this one is about to fly hard. All it needs is a little nudge over $0.85 to ignite the rockets.
> A perfect entry is right here where she pulled to, it is a little early TBH but the setup is clear with RSI, price, and retracement just where it needs to be.
> As is the case with early anticipatory setups you will need a plan to manage your risk. Have a SL below the demand zone and position size with caution, at least for the first batch of your position given that there's about %8 gap down to the most recent swing low.
> There are a lost of speculative talks on social media about a possible B.O. and low balling price anchoring, nothing to back any of it up so i'd take that with a big pinch of salt. In terms of price target's there's room for it to pass $2 in the short run, and if the rally sustains itself then sky is the limit here.
> Trade responsibly and GL!
> Authors Notes
My approach to technical analysis is built on Fibonacci retracements, pivot zones, price action, smart money concepts, and classic chart patterns. I also use supporting tools and indicators—such as oscillators and moving averages—to refine my view. The chart itself reflects a simplified version of my process, as I prefer to keep visuals clean while incorporating additional analysis behind the scenes.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.