On the 4H chart SHOP has been trending up since last fall when it fell through the high volume
area and then rebounded crossing through it and rebounding. Earnings have been solid beats
for over a year. Volume is persistent and steady while the relative strength rising from a bounce
down to the 50 level to begin this month. This is a solid earnings play but also could be
a long term investment but not until there is another dip or minor correction to set up for
a low risk entry. Last earnings gave SHOP about $10-12 in a quick price pop. I am looking
for something in the range of $6-8 higher as a conservative target
area and then rebounded crossing through it and rebounding. Earnings have been solid beats
for over a year. Volume is persistent and steady while the relative strength rising from a bounce
down to the 50 level to begin this month. This is a solid earnings play but also could be
a long term investment but not until there is another dip or minor correction to set up for
a low risk entry. Last earnings gave SHOP about $10-12 in a quick price pop. I am looking
for something in the range of $6-8 higher as a conservative target
Trade active:
Added to double the position patience gets paid.
Trade active:
Nice buying action in the after-hours getting one share at each green arrow. Trying to get discounts in the lower VWAP band lines. linked here
Trade closed: stop reached
Trade active:
SHOP on the zoom-in has put in the bottom and so the discount sale begins but only those who can move fast. Rising in the premarket
Comment:
Nice recovery and 3/15 monthly options popped
Comment:
Looking for downside after hitting the underside of the Ichimou cloud may take
part of the shares off the trade and double down with a call option in July
part of the shares off the trade and double down with a call option in July
Trade active:
Zoomed in the chart shows heavy resistance at 82 per LuxAlgo- I will take profit on half the charts upon hitting 81.9 and watch to see if price actions rises further for the other 1/2.
www.tradingview...chart/DFkQVEdC/?symbol=NYS...