Caution! $SHOP trading 147.22 has done well but, see chart notes

$SHOP trading 147.22 has done well since we signaled long 106s wash-out in Oct. MACD high - caution longs.

What a great trade signal long for our swing trading platform back in October when everyone panicked on the wash-out.

The problem is now that price on the daily chart is significantly higher than moving averages and the MACD is extended to be sure.

When the Stochastic RSI, MACD and Squeeze Momentum start to trend down this will likely be a decent short to at least the 50 MA.

Register to free email list for trade set-ups, webinars, special events: compoundtrading.com/contact/

Website: compoundtrading.com

Free chat room: discord.gg/2HRTk6n

Subscribe: compoundtrading.com/overview-...

Twitter: twitter.com/CompoundTrading

Lead Trader: twitter.com/curtmelonopoly

Tradingview: www.tradingview.com/u/curtmel...

Facebook: www.facebook.com/compoundtrad...

StockTwits: stocktwits.com/compoundtrading

Email: info@compoundtrading.com

Our services include: Algorithm model charting for $SPY, $VIX, #OIL, #GOLD, #SILVER, $BTC Bitcoin ($ETH and $LTC on deck with others), $DXY US Dollar and Swing Trading Newsletter Service. Live trading rooms for daytrading and oil traders. Private coaching and live alerts.