SHOP is showing an interesting setup.
Previous support now acting as resistance ($450). This is also a strong psychological level.
If we break and hold above $450 there is room to $510
Trade idea:
Entry price: $450 (Break and hold above) *Always wait for confirmation*
Targets: $472.50 , $490 and $510
Option Strike: 510c 5/6 (Currently trading at $10.80)
Stop Loss: $405.00
Disclaimer: This is not a trading advice nor a buy/sell signal. This is for educational purposes only. Trade at your own risk
Previous support now acting as resistance ($450). This is also a strong psychological level.
If we break and hold above $450 there is room to $510
Trade idea:
Entry price: $450 (Break and hold above) *Always wait for confirmation*
Targets: $472.50 , $490 and $510
Option Strike: 510c 5/6 (Currently trading at $10.80)
Stop Loss: $405.00
Disclaimer: This is not a trading advice nor a buy/sell signal. This is for educational purposes only. Trade at your own risk
Trade active:
Nice break