Shopify Inc.Long
SHOP potential Buy setup
Reasons for bullish bias:
- Price is sitting at daily support
- Price gave breakout of B point in XABCD pattern
- Bullish candles accompanying since previous support
- TP1 till resistance
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 77.20
Stop Loss Level: 72.11
Take Profit Level 1: 82.56
Take Profit Level 2: Open
Downside: Earnings announcement tomorrow.
- Price is sitting at daily support
- Price gave breakout of B point in XABCD pattern
- Bullish candles accompanying since previous support
- TP1 till resistance
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 77.20
Stop Loss Level: 72.11
Take Profit Level 1: 82.56
Take Profit Level 2: Open
Downside: Earnings announcement tomorrow.
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