Recently, we saw the market gaining confidence in GoPro (GPRO) when it pushed price above a consolidation resistance at 8.50. We noted that a hold above 8.55 would be a good sign that the market is indeed shifting to a bullish reversal scenario. This is exactly what's happening.GoPro Daily Chart(click to enlarge)Bullish Reversal:- Price holding above 8.55 reflected respect for a price bottom. - This is also a bullish "slingshot", where price crossed above the 200- and 100-day simple moving averages (SMAs) and then coming back and bouncing off of them as support. This is a bullish reversal signal.- We also noted that the daily RSI should hold above 40 to reflect maintenance of the nascent bullish momentum.- this week, price has cleared the previous 2017 high of 11.10. So, officially, GoPro has made a bullish reversal. - The next key area to monitor for resistance is the 13.50-14.00 area, which has seen a lot of support and resistance price action.- At the moment, if price were to pullback, a bullish market should hold above 9.50, and more likely hold above 10.00.