▲ 2 r/qullamaggie
Need Help Interpreting GPRO failed breakout
Hey guys, I'm pretty new to trading and general and have been studying Kristjan's breakout strategy. I believe the setup here for the breakout in GPRO looked good - you had the rally, followed by a consolidation phase with tightening range and higher lows, falling in between 10-day and 20-day moving averages.
Yet, the stock failed to breakout. Would anyone be able to share some tips or advice as to finding why it failed, or is it simply just bad luck? Thanks!
u/dommycaste — 7 days ago