I use the term “investor” in the title instead of “trader” because if you are down big on GPRO right now, you are not trading the stock, no matter what your initial reason for getting in it was. When you ignore your stop-losses your force yourself to acquire a stock as an investment as a huge loss, hoping at some point it will make you whole again. gpro stock rally

But lets forget about that for right now, and just talk about what we can glean from the chart below. 

gopro-gpro-technical analysis chart

 

It is breaking out of its base – there is no doubt about that, and is currently trading in the gap, with plenty of room to run well past $15.00 before hitting any significant resistance. So, those self-inflicted, long-term investors of GPRO might finally be getting a break that they had hoped and prayed for.