SHOP solid growth and strength into earnings
Updated
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
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
Note
SPOT is lining up for a dip buy .tradingview.com/chart/DFkQVEdC/?symbol=NYSE:SPOT
Trade active
Added to double the position patience gets paid.Trade active
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
Trade active
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 Note
Nice recovery and 3/15 monthly options popped Note
Looking for downside after hitting the underside of the Ichimou cloud may takepart of the shares off the trade and double down with a call option in July
Trade active
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. 
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