shop Long and neutral idea
Shop nice breakout!
Watching a break out here. As shop is testing all time highs.
This is the second attempt for shop to break out here.
Strong bullish candle as well as strong volume behind the move. There
was no company related news on the move.
Bullish case:
We can see news start to come out in the coming weeks and shop can start m
moving here. Possible to see shop go to $2000.00 which would be the next
level for shop from here.
Levels to watch is $1450.00 and $1525.00 as long as these levels hold up
target of $2000.00 is very possible.
Neutral case
Based on volume profile:
1390.00 and 1560.00 are areas where support and resistance is holding
really well, stock can continue to trade in this zone again. How ever
price action moves really well above or below these levels.
Watching a break out here. As shop is testing all time highs.
This is the second attempt for shop to break out here.
Strong bullish candle as well as strong volume behind the move. There
was no company related news on the move.
Bullish case:
We can see news start to come out in the coming weeks and shop can start m
moving here. Possible to see shop go to $2000.00 which would be the next
level for shop from here.
Levels to watch is $1450.00 and $1525.00 as long as these levels hold up
target of $2000.00 is very possible.
Neutral case
Based on volume profile:
1390.00 and 1560.00 are areas where support and resistance is holding
really well, stock can continue to trade in this zone again. How ever
price action moves really well above or below these levels.
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