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SHOPIFY: THE 100% PROFIT SWING TRADE

June 19, 2024
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Patience paid off

When you combine Technical Analysis (TA) with Fundamental Analysis (FA) you become unstoppable. With that said, patience is everything in TA. You can sometimes wait months for a chart to set up.

 

I first shared the Shopify swing trade at $643 and told you the big money is playing around the $350 to $400 mark. SHOP has since done a 10 for 1 share consolidation, so you need to divide all old prices by 10. The price went down all the way to around $25 and is currently trading at $61. We are currently inside an area I expect price to consolidate for a while before it moves up further. Shopify released killer earnings this quarter.

 

Click this link for a full breakdown of the results done my Brad aka The Stock Market Nerd https://open.substack.com/pub/stockmarketnerd/p/shopify-q1-2023-earnings-review?r=hp6jh&utm_campaign=post&utm_medium=email

 

ALWAYS REMEMBER

Investors are predictable. They are creatures of habit and do the same things repeatedly. The charts tell you exactly what they plan on doing next.

 


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