Shopify Inc.Updated SHOP eyes on $78.47 below, 90 above: key range to form next move
Follow up to previous Swing Trades idea (click)
SHOP continues its recovery from bottom.
It has just retested a Golden Genesis fib.
Critical support to break next resistance.
$ 89.65 - 90.04 is the major target.
$ 83.76 should bring some violence.
$ 73.60 will be critical trend support.
Previous Chart:
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SHOP continues its recovery from bottom.
It has just retested a Golden Genesis fib.
Critical support to break next resistance.
$ 89.65 - 90.04 is the major target.
$ 83.76 should bring some violence.
$ 73.60 will be critical trend support.
Previous Chart:
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Trade active
BOOM (yellow part is after posting time)Nice bounce off our Golden Genesis support.
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Zoom in a bit and some notes:
Decent reaction at the Covid fib ($83.76)
Then a dip to our Golden Genesis ($78.47)
Looks likely to hit our hard target ($89-90)
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Let's see what the new week brings.
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Trade closed: target reached
BOOM! 46% gains bookedTook off from out Golden fib, popped to a sister fib.
Got lucky with earnings, but being PREPARED was key.
Scalpers closed the longs, holders sold some shares.
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Zoom In (m1)
Got a PING (exact hit) on a Genesis fib at $114.62.
"Ping" from "Give me a ping Vasilly, One Ping Only".
And my rule about Pings:
"Not every Ping starts a Reversal,
but Most reversals Start with a Ping".
And such a LOUD ping says "take action".
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Looking for supports:
$107.73 was first possible support but failed.
$102.14 Genesis fib would be ideal bounce.
$100.20 golden Covid fib reinforcing support.
Let's see if our next support holds, but I am OUT.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.