The steeper rise in GPRO…
GOPRO INC NASDAQ:GPRO
In a previous analysis I described that the GPRO could start to slow. This is because the angle of the ATR axis supporting the rise is flat. Therefore, the current motion track follows this. But slowly we reach a steeper ATR axis. This may be the consequence of a faster-rising exchange rate. Exchange rate movement analysis does not include wave structures. These are calculated later. Only the target price and its approach path. The target price can reach 13.51 usd. But I note it is a longer-term prediction.