GoPro Inc. $GPRO has been rounded out a bottom in 2018, and appears to have completed it. The daily chart shows how price has come up from the rounded bottom, and has been consolidating above the price bottom.GPRO Daily Chart(click to enlarge)Another Breakout vs. Resistance:- The first key breakout was in June, when price was able to climb back above $6.00.- After that price started to consolidate mostly above $6.00 and below the $7.20 pivot, which use to be support and is now resistance.- Note price action since July has been hugging the moving averages, a reflection of tentativeness.- This week however, price made another key breakout. - Price broke above the previous resistance around $7.15 as well as above a falling trendlnie. - This price action also shows a bullish slingshot above the cluster of moving averages. - Furthermore, note that the RSI has held above 40 for the most part, which reflects maintenance of the prevailing bullish momentum from the breakout in June. Bullish Bias:- All the signs point to a market that is bottoming and building up bullish momentum.- However there is still a key resistance around $7.60. This is another previous support pivot turned resistance, which means bears are not done yet. - Still, I think price action shows advantage to the bulls in this market. Key Levels:- I think if there is support in the $6.75-$7.00 area, the bullish outlook will materialize and price will break above $7.60, which would first open up a key support/resistance pivot around $8.65-$9.00 area. - At this point, we would want to see price anchored above $7.00 to confirm the bullish outlook towards the $11-$12 area - highs from 2017. - For me, a break below $6.00 will be needed to revive the bearish outlook at this point.