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SHOP before Earnings
2H: (bullish)
SHOP to release earnings data before open today. If you're already invested or still plan to invest, here's what you need to know.
– stock is above all MAs (bullish)
– RSI can boast a higher high and double-bottom (bullish)
– MACD is neutral to bearish
– SAR is below 'daily' 20MA (bullish)
There are no technical mistakes in the prior 3 major patterns. The main multi-year channel is 'monthly' averaged with step-line over log. Within said channel, the stock maneuvered perfectly thus far and is expected to continue to do so.
Considering the endless run-up since 2017, and the numerous bull-signals that suggest another minor jump-up, the "steam" is likely to run out soon (as MACD and RSI suggest). 8 out of 10 major indicators are bullish, 1 neutral 1 bearish. Options pricing suggest a 30-40 point move either way (37 calculated). If it jumps up, there is somewhat a chance for a sell-off back to current levels. Also keep in mind that markets are expected to correct sometime this year.
Important: Note that if the stock fails to touch or cross the upper channel trend-line, it will be forced to touch the lower (later down the road).
RSI:
SHOP to release earnings data before open today. If you're already invested or still plan to invest, here's what you need to know.
– stock is above all MAs (bullish)
– RSI can boast a higher high and double-bottom (bullish)
– MACD is neutral to bearish
– SAR is below 'daily' 20MA (bullish)
There are no technical mistakes in the prior 3 major patterns. The main multi-year channel is 'monthly' averaged with step-line over log. Within said channel, the stock maneuvered perfectly thus far and is expected to continue to do so.
Considering the endless run-up since 2017, and the numerous bull-signals that suggest another minor jump-up, the "steam" is likely to run out soon (as MACD and RSI suggest). 8 out of 10 major indicators are bullish, 1 neutral 1 bearish. Options pricing suggest a 30-40 point move either way (37 calculated). If it jumps up, there is somewhat a chance for a sell-off back to current levels. Also keep in mind that markets are expected to correct sometime this year.
Important: Note that if the stock fails to touch or cross the upper channel trend-line, it will be forced to touch the lower (later down the road).
RSI:
Nota
UPDATE: Stock surged above the upper trend-line followed by a sell-off as expected. In a few days we'll be able to say if it'll continue upwards or correct back to close the gap.Dagangan ditutup: sasaran tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.