Shopify - Bears will get wrecked!

Aug 12

☎️Shopify (SHOP) will soon break out:

🔎Analysis summary:

In 2021, Shopify created the previous all time high which was followed by a drop of more than -80%. But over the course of the past couple of years, Shopify managed to regain most of its strength. Therefore an all time high breakout will happen after the bullish break and retest.

📝Levels to watch:

$150, $120

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

Aug 20

Trade active

☎️Shopify (SHOP) is still totally bullish:

🔎Analysis summary:

Shopify clearly remains in a bullish market. Despite the recent volatility, there is a quite high chance that Shopify will eventually break the next horizontal structure. Short term moves are not relevant and just a misleading factor overall.

📝Levels to watch:

$150, $120

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

Aug 27

Trade closed: target reached

☎️Shopify (SHOP) nicely plays out:

🔎Analysis summary:

Yep, this month we are seeing another move higher of about +15% on Shopify. Despite potentially closing with a minor rejection wick, Shopify clearly remains in a very bullish market. New all time highs are really just a matter of time now.

📝Levels to watch:

$150

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION