GoPro, Inc.Short
Shorting Strategy for GoPro, Inc. (GPRO)
Entry Point:
Suggested Entry Point: $1.60
This entry point is slightly above the current price of $1.59, anticipating a minor pullback or consolidation before the downward trend continues.
Target:
Target Price: $1.00
This target is based on the stock's downward momentum and technical support levels. A $0.60 drop from the entry point aligns with a significant percentage decline and likely support levels observed in past price action.
Stop Loss:
Stop Loss Level: $1.80
This stop loss is set above recent resistance levels and moving averages, allowing some room for short-term volatility while protecting against significant losses if the trend reverses unexpectedly.
Suggested Entry Point: $1.60
This entry point is slightly above the current price of $1.59, anticipating a minor pullback or consolidation before the downward trend continues.
Target:
Target Price: $1.00
This target is based on the stock's downward momentum and technical support levels. A $0.60 drop from the entry point aligns with a significant percentage decline and likely support levels observed in past price action.
Stop Loss:
Stop Loss Level: $1.80
This stop loss is set above recent resistance levels and moving averages, allowing some room for short-term volatility while protecting against significant losses if the trend reverses unexpectedly.
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