GoPro Stock (GPRO) Update: Is A Decline Under $30 Coming?

James Bartelloni

It’s been a bumpy ride for shares of GoPro (GPRO). Yet, when we take a step back and look at the price patterns, it’s clear that the swings have been very harmonic in nature for GoPro stock.

If you’ve been reading my posts on See It Market, you are likely aware that I have tracked and targeted GoPro’s price swings for the past year. Reading charts via advanced pattern recognition is my passion.

We’ve tracked the swings in GoPro stock pretty well. Below is a list of links to past articles and swing targets:

So, where are we now?

It certainly looks like the lows around $36/$37 are going to break to the downside. If/When this happens, we should roll into the $27-$29 area. That “should” be pretty strong support … if we lose that level, then look for a move all the way down into the single digits. click to enlarge chart

gopro stock chart gpro price targets chart september

Thanks for reading.

 

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Author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

 

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