GPRO to $55 and $63

٢٤ أبريل ٢٠١٥

GPRO has recently been in a downtrend for a while now holding at the .886 fib level, which also is a support level around the $38 area. We also we have been diverging on the daily chart, then breaking the downtrend line. The new uptrend has been established now that we have made a higher low and a higher high. Medium term resistance is a $55 the 50% fib level and prior support. Then $63 area, which is the .618% fib and prior support area. Under $37 and this trade is invalid.