There's a great opportunity for a quick play on GPRO at the moment. I have three conditions that needed to be met in order for this to work and they have all been met. I indicated the 3 conditions using circles in my chart. They are also listed below:
(Triple-Indy's) 3 Conditions:
1.) RSI needs to be touching/very close to the "over-sold" line.
2.) MACD needs to be crossing from BELOW the x-axis.
3.) Price action needs to cross the red SMMA 7 line.
Whenever the three conditions have been met, I have seen an opportunity to make some pretty generous profits (at least 70% to the upside).
And as of today, all three conditions have been met yet again, so my "Triple-Indy" strategy has been activated. If you're going to do something, now might be the perfect time to do so.
***This is NOT financial advise, it is simply my own strategy/ideas with GPRO. Do your Due Diligence!
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