The only thing crazier than GoPro videos has been the performance of the company's stock.
After rising 200 percent from the June 2014 IPO price, GoPro's shares have lost more than half their value since topping out in early October. But one trader who relies heavily on both the charts and the options market to make his trades says despite the volatility, the camera maker's stock is bottoming out.
"We're starting to see some consolidation at the $40 level. And I think it's interesting right here," Andrew Keene said Monday on "Trading Nation."
The founder of the Keene on the Market website points out that if "you take a look at a daily chart, we go from the IPO price of about $30 [per share] then the stock starts to move up in a series of higher highs and higher lows. Then it got up to the [all-time] high of about $96 [per share] and it rolled over."