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naoisegolden

H&S pattern signaling possible exhaustion of trend

Short
GoPro, Inc. (NASDAQ:GPRO)  
naoisegolden Aggiornato   
NASDAQ:GPRO   GoPro, Inc.
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
GPRO experimented a considerable breakaway gap upwards and has had considerable volatility since then. Yesterday's -2.41% valuation could signal the end of this trend and back to the previous one, which was slightly, but clearly, bearish.
Commento:
GoPro's price is bouncing off the $8.6 resistance, showing a slight bullish divergence between yesterday's and today's dips. If it stays this way we may see the horizontal trend holding up, if it dips below $8.6 then it's probably going down.
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