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SHOP - Do you believe in Cup & Handles?
Shopify Inc.
Long
SHOP - Do you believe in Cup & Handles?
By just4tradin
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Updated
Mar 8
1
2
Cheer
Cheer
2
2
Jan 20
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.
Feb 8
Trade active
Expecting some basing action here and move up after earnings to Target 1 - 98-100
Feb 13
Trade active
Earnings tomorrow after hours. Expecting a pullback again tmrw and rally at EOD. let's see !
Mar 8
Comment
SHOP is at a make or break level.
Options flow shows some bullish 80C, let's see.
Cup And Handle
cupandhandlepattern
cupnhandle
SHOP
shopify
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