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GoPro: stock price to recover

analytics
26 April 2017 , 10:32

After completing the technical analysis of major US stocks, we recommend buying GoPro shares after breakout of 9.29 level.

New product as a positive background for stock growth Over the past years, the price of company's shares has suffered a sharp decrease due to the low profitability of the company. However, this month GoPro announced the release of a new product - the Fusion camera, which, with a high probability, will raise the interest of potential buyers and increase sales levels, creating a favorable position for the growth of the stock price.

Looking at the daily chart of the GoPro stock, we can clearly see the Elliott's waves cycle.

In order to further explore the analysis, as well as the entry point to the position, you can see full details in the personal account of our TSI Trading Pro platform.


 

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