GOPRO is on the rise.

9 nov 2021

GOPRO is on the rise. The analysis shows that the correction range ended at the level of 8.48 usd. It can also be seen that yellow-green ATR axis was confirmed in yesterday's trading. Therefore, I expect a build-up of the predictive wave sequence highlighted in white to continue. Another support for my theory comes from the analysis of fractals. Here we can see that the correction of the previous fractal (35%) is exactly the same as the correction of the currently completed fractal (orange square). The fractals help to form the target prices. Two target prices are shown here. One target price : 20 usd. Note that currently this target price corresponds to the future fair value of GPRO, which is 20.62 usd. I expect further upside thereafter and I expect the second wave of upside to be completed, which I have indicated with two parallel lines and is 260%. Therefore, the next target price based on this is 29 usd. To sum up : a further significant rise is expected.