Long
$SHOP will push higher to end 2Q24
May 30, 2024 6:57AM
MONTHLY
- Currently on a downtrend (2D-2D-2D Continuation) #TheStrat
- Finishing off a Stage 3 #TheMoneyFlow
- MACD curling down, RSI curling down at 46
WEEKLY
- MACD beginning to curl up
- Price is b/t the 0.618 & 0.786 monthly fibs (Oct 2023 - Feb 2024)
- Price is slightly under last week's middle price of $58.51 at $58.18 (pre-market)
DAILY
- Price appears to moving upward after touching lower weekly broadening formation (BF) #thestrat
- Gap to be filled above ($64-75) and gap to be filled below ($55-$48)
- MACD and RSI curling up
- On May 28,
GS maintained $NYSE:SHOP as a BUY
DECISION:
HOLDING 2 $NYSE:SHOP 65C 19 JUL 24 (AVG: $1.76) (DOWN 30% @ 1.25).
MONTHLY
- Currently on a downtrend (2D-2D-2D Continuation) #TheStrat
- Finishing off a Stage 3 #TheMoneyFlow
- MACD curling down, RSI curling down at 46
WEEKLY
- MACD beginning to curl up
- Price is b/t the 0.618 & 0.786 monthly fibs (Oct 2023 - Feb 2024)
- Price is slightly under last week's middle price of $58.51 at $58.18 (pre-market)
DAILY
- Price appears to moving upward after touching lower weekly broadening formation (BF) #thestrat
- Gap to be filled above ($64-75) and gap to be filled below ($55-$48)
- MACD and RSI curling up
- On May 28,
GS maintained $NYSE:SHOP as a BUYDECISION:
HOLDING 2 $NYSE:SHOP 65C 19 JUL 24 (AVG: $1.76) (DOWN 30% @ 1.25).
Trade closed: target reached
Had 2 contracts at $1.76 average.Sold contract #1 @ 2.12 (LMT SELL) (1.76 -> 2.12 = +20%, +$36)
Sold contract #2 @2.60 (trailstop) (1.76 -> 2.60 = +48%, +$84)
Trade closed: target reached
Had 2 contracts at $1.76 average.Sold contract #1 @ 2.12 (LMT SELL) (1.76 -> 2.12 = +20%, +$36) on June 10, 2024
Sold contract #2 @2.60 (trailstop) (1.76 -> 2.60 = +48%, +$84) on June 11, 2024
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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.