henryxue

Breakout Trade

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NASDAQ:GPRO   GoPro, Inc.
Gopro break weekly descending wedge, breakout $7 with strong daily volume. between 6.57 and 7.30 have a potential equilibrium pattern.
Plan:
buy at 6.76 and 6.66
stoploss at 6.49
target: 10-10.8
if stop out, get in, if middle band support hold.
Target: 1/2 at $7 and the half ride with trend to 10-10.8

It is only the personal trading note, not financial advice, but opinions and pieces of advice are welcome.
Good person to follow for TA---- TheChartGuys

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