GPRO Breakout TradePRO recently broke out above a multi-week downtrend, pushing through the critical $2.30–$2.35 resistance zone and briefly touching $2.50 before getting rejected. That rejection brought the stock right back to retest its breakout level, which also aligns with the 50/200 EMA cluster ($2.22–$2.24) and a rising trendline.
This area is now the make-or-break spot. If bulls can defend $2.30, the breakout setup remains intact, and we could see a second leg higher toward $2.45–$2.50, with potential extension to $2.80–$3.00 if momentum builds. On the flip side, if $2.30 fails to hold, this turns into a failed breakout (bull trap), and price likely revisits the $2.05–$2.10 zone.
Trade Plan
Bullish Scenario:
Entry: $2.30–$2.35 on confirmation of support
Stop loss: Below $2.20
Targets: $2.50 → $2.80 → $3.00
