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AwesomeAvani
Feb 12, 2024 8:10 AM

SHOP solid growth and strength into earnings Long

NYSE:SHOP240
Shopify Inc.NYSE

Description

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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

Comment

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SPOT is lining up for a dip buy .

tradingview.com/chart/DFkQVEdC/?symbol=NYSE:SPOT

Trade active

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Added to double the position patience gets paid.

Trade active

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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

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Trade active

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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

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Nice recovery and 3/15 monthly options popped

Comment

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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

Trade active

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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.

EarningsOscillatorsCentered OscillatorsSHOPAMZNMELIonlinecommercepreearningsrun
Comments
tymmothyuss
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RIP
AwesomeAvani
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@tymmothyuss,
Solaire-chartmeister
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Hell yeah
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