TRADING TIPS

SHOP Buys Signal Setup

Hubert Senters here. Let’s take a look at Shopify. Ticker symbol SHOP. The company that’s made a lot of money. They’re in the covid situation and evidently that is shown in the earnings report. The ADX is a little low at $18. It’s not terrible. You can get away with this. Aggressive buy signal one day above the cloud. If you’re more conservative like myself you might want to wake until the second or the third but for the aggressive types out there you know who you are. Potential long at $1,288. Your stop is going to be something that you’re going to be comfortable with. That’s a wide range on that candles so I’m not even going to remotely and try to give you a stop on that one. Potential target most recent highs here around $1,500. Good luck. Hope it helps. See you on the next video. Hubert.

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