SHOPIFY: THE 100% PROFIT SWING TRADE
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
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.