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Gunvir
Mar 16, 2024 11:44 AM

SHOP 🐂 Bullish Potential Outlook 🐂 Long

Shopify Inc.NYSE

Description

Holding SHOP 80C 3/28 @1.95 since 3/14, I'll update this with how it goes

I feel like the chart is straight forward, also my first chart in a long time
Will also do Higher time frame analysis and post it


Timeframes Used: The 15/30 min, 4hr, 5 Day


Above is the 30 minute time frame in which you can see the Bull flag aswelll as the rounding base forming


SHOP LEVELS
0.618 Extension: $85.58 (+11%) // 220%|$430
0.236 Retracement: $96.50 (+25%) // 753%%|$1,468
1 Extension: $93.58 (+21%) // 604%|$1,179
-0.236 Retracement: $96.50 (+25%) // 753%%|$1,468
At $100 (+30%) // 932%|$1,818
1.272 Extension: $99.28 (+29%) // 895%|$1,746
1.382 Extension: $101.58 (+29%) // 1013%|$1,975
-0.618 Retracement: $104.50(+35%) // 1163%|$2,267
1.618 Extension: $106.52 (+38%) // 1,266%|$2,469
-1.272 Retracement: $118.20(+29%) // 895%|$1,746
1.618 fib Retracement: $125.44 (+63%) // 2,237%|$4,361


Just some fun levels lmao, I'll be happy w any profit obvi this is all speculation,
PnL based off of [url=https://optionstrat.com/bfJmdCrHPYGi]Option Strat

Technical Indicators
- Stochastic Oscillator left the overbought zone on March 14, 2024
- Entered Uptrend as Momentum indicator ascends above 0 level on Mar 13, 2024
- MACD Histogram turned positive on March 13, 2024

idk its funny if it works tho lol, Buy time or shares

Comment

30 Minute:

15 Minute:

5 minute:

Comment

You can see within the 15 minute chart, We have a flag in a flag, at Golden zone in the micro, all timeframes seem to have synergy

Trade closed manually

Sold for 53%

Trade active

next week shop 82c @1.10
Comments
Yasser_f999
Will go to 87 ?🤔
Gunvir
@Yasser_f999, I got the .236 at 86.82 so possibly
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