$GPRO - Target 1 hit for +9% with further upside of +40%
Technical Analysis (TA)
Price is on the verge of testing resistance at Weekly 20EMA and daily 100EMA levels. This is Target 1 being hit.
Once it breaks above we should see some consolidation as RSI is would hit the mid level but further upside to $9 is still well within reach as there is plenty of room before the RSI reach overbought levels around 70.
However, this area could prove to be a key resistance zone so exercise caution.
Price is on the verge of testing resistance at Weekly 20EMA and daily 100EMA levels. This is Target 1 being hit.
Once it breaks above we should see some consolidation as RSI is would hit the mid level but further upside to $9 is still well within reach as there is plenty of room before the RSI reach overbought levels around 70.
However, this area could prove to be a key resistance zone so exercise caution.
