Tuesday, 18 November 2014

GPRO – will it rise further?

Daily Chart

Hourly Chart

I have request from SGWiseInvestors’s fan to analyse on GPRO. This stock has been on uptrend till Oct 2014. From then on we can see that is ranging sideway. Resistance will be price at 85 and 90. People is asking  me if it will continue and break the resistance of 85 and test 90 once again. My view is that there is great chance that 85 will be broken as from the daily chart it is moving with increase with volume. If explosive volume comes in (twice the normal volume) we can say that it should be creating new high once again.


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