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.