GoPro, Inc. (GPRO)

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$GPRO Weekly Chart Analysis

I am very bullish about this chart for a number of reasons.

MACD is about to enter the positive territory for the first time in over a year.
10MA has for the first time EVER crossed over the 50MA (a golden cross)
Weekly candles have been pushing the upper BB and soon we may see a candle fully extend above the upper BB (if this pattern continues)
RSI is approaching the "power zone" 70-100
TRIX is about to enter positive territory as well

Mix this with the launch of two new amazing products before the holiday season and I think this is a perfect storm.




Disclosure: I own GPRO call options.

This is not investment advice, do your own DD.

GLTYA