SHOP has a clear double (triple) bottom can be seen. You can also see a clear upward trend line starting since the summer of 2019. In the past three times, every time it hits the upward trend line, the stock has a big pull back.
that is a simple yet compelling pattern, good work. I am short going into earnings on this one too
rddhaliwal
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@Penny_Saver, good luck on your short. Hope it works out for you. Just wanted to know if you are shorting the stock thru options or the stock itself?
Penny_Saver
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@rddhaliwal, I don’t like to do options, extremely manipulated by MM. I’m short on the stock itself
rddhaliwal
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@Penny_Saver, Thanks for the reply. I think you are right about options. I need to just get over my fear and learn how to short the actual stock. I am just not comfortable about a couple of things about shorting and need to learn more on to actually go about shorting with my account.
AlphaBotSystem
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Can for sure see why the expected direction of this is down, but we do wonder going into earnings if a short squeeze isn't coming