GPRO offers a potential breakout above $1.83 toward $3, but carries high risk due to extreme overbought status and likely profit-taking.

Next up is GoPro stock, guys. Look at this movement on GoPro just yesterday. On August 28th, the price was here at $0.60, and now after market hours it's reached $1.90. Hey guys.

A massive explosion, there's no doubt about it. Especially with regard to trading volume. Look at the trading volume that has skyrocketed, with one online live streamer stating that he would buy, and indeed buying about 8% of GoPro shares, and the retail audience has pushed this stock to the sky.

Right now, in the short term, we are actually at a resistance zone, but just as I mentioned regarding the Dell chart. This level represents resistance, but if we jump over it, we will not need to make an effort to break through it during normal daily trading hours.

So , as you can see here, after-hours trading above this trend line could mean that we are in for a strong upward move (Gap and Go). But be careful, we are in a state of extreme overbought condition at 87.82 on the daily Relative Strength Index.

Again, any value above 70 is considered overbought.

Let's look at the source of this downward trend line to show that this is a very good potential breakout for GoPro stock. The peak of this pivot occurred here in January 2023, connected to this pivot peak in September 2022.

So the clear area to be crossed was the one we identified at $1.83. Now, if the price opens above that tomorrow, we may target the $3 price point before we see profit-taking and a pullback.

Typically, when stocks rise sharply , they end up with the price immediately falling back down. So be careful if you are getting involved with this stock. Be vigilant. You may have some good opportunities with this push from retail investors.

But guys, technical analysis remains technical, level by level . Set the levels you want to enter, but be aware that this scheme is very expansive. Not exactly on the weekly timeframe at 66, but on the daily timeframe, oh my god, it needs to calm down sooner rather than later.