SHOP - Do you believe in Cup & Handles?

just4tradin Updated   
NYSE:SHOP   Shopify Inc.
SHOP made a beautiful good ol’ Cup & Handle pattern and breaking out of it .
I’ve a sizable position already from the lows.

It’s already 2x from the bottom and has potential for 2x more from here.
If market conditions favors the growth names , we can see 2x soon.

70 level acting as support here.
45 would been optimal entry but if you are going long here , have a tight stop around 70.

Target #1 - 98
Target #2 - 120
Target #3 - 150; Won’t be an easy target, can shakeout here.
Trade active:
Expecting some basing action here and move up after earnings to Target 1 - 98-100

Trade active:
Earnings tomorrow after hours. Expecting a pullback again tmrw and rally at EOD. let's see !

SHOP is at a make or break level.
Options flow shows some bullish 80C, let's see.

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