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GoPro Inc (NASDAQ:GPRO)


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#1 Costa

Costa

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Posted 29 August 2015 - 05:57 AM

I think the stock may have bottomed and could be poised for a bounce back next week. Looking at the daily technical chart MACD-histogram is sloping up, indicating that the "bears" are losing momentum and RSI has just bounced off the 30 line (extreme oversold territory). If the stock price breaks the $50 level in the next sessions momentum traders are likely to send the stock up to $54.5 (100EMA). Keep it on your watch list going forward.

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Costa
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