Hello Everyone, Followers,
SHOPIFY is 3rd one for today.
Shopify maintains a healthy structure inside its ascending trend channel.
🔍 Chart Highlights
- Price bounced strongly from the lower yellow trendline, defending long-term structure.
- SHOP is now facing resistance at 161 next resistance level is 169
- 100 MA and 50 MA are flattening — early signs of a possible trend reversal.
The MACD-style price action (higher lows + strong candles) supports short-term upward momentum.
🔹 Outlook
If SHOP breaks above 161 then 169, the next target is 177 → 188.
Struggle at these levels may cause a pullback to 151 or even 136.50.
🔹 My Plan
I monitor SHOP closely near 161.
A breakout confirms bullish continuation.
Pullbacks to the lower trendline remain attractive accumulation opportunities.
If you enjoy and like clean, simple analysis — follow me for more.
This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.
Have a lovelly Sunday to all and Good Start a Week.
#SHOP #SPX500 #NASDAQ
SHOPIFY is 3rd one for today.
Shopify maintains a healthy structure inside its ascending trend channel.
🔍 Chart Highlights
- Price bounced strongly from the lower yellow trendline, defending long-term structure.
- SHOP is now facing resistance at 161 next resistance level is 169
- 100 MA and 50 MA are flattening — early signs of a possible trend reversal.
The MACD-style price action (higher lows + strong candles) supports short-term upward momentum.
🔹 Outlook
If SHOP breaks above 161 then 169, the next target is 177 → 188.
Struggle at these levels may cause a pullback to 151 or even 136.50.
🔹 My Plan
I monitor SHOP closely near 161.
A breakout confirms bullish continuation.
Pullbacks to the lower trendline remain attractive accumulation opportunities.
If you enjoy and like clean, simple analysis — follow me for more.
This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.
Have a lovelly Sunday to all and Good Start a Week.
#SHOP #SPX500 #NASDAQ
Trade attivo
Staying and try to find resistance on Trend line . If it close over this level then tomorrow I can think of it to buy. Closely watching.Nota
Momemtum is bullish and next target is 177 ;)
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.