Shopify Inc.Long
$SHOP Breakout
This 4-hour chart highlights a significant breakout from a downtrend, marked by a rounded bottom pattern indicating a bullish reversal. The price has successfully broken above a key downward trend line and is showing higher lows and higher highs, supported by upward-moving averages. I entered 7/12 $68 Calls at the end of the day once the 4-hour candle broke the pennant resistance. I hope to see a volume spike Friday and to swing these contracts into the following week.
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