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E-Commerce Giants Sets Up For A Big Move


We start off today by gaining our bearings on where the market is at. Before you do any analysis on any stock in particular, you need to look at the overall market to see where it’s at and where it could be headed. Check it out below!

For our stock today, it is one we have looked at pretty recently in the past. E-commerce platform, Shopify (SHOP), broke above key resistance at $45 after a long drawn out inverse head and shoulders pattern. As you can make out from looking at the chart, this level had proved to be very important for the stock. This break of $45 now means that a pullback down to that mark may be setting up for a possible long play.

Watch the video to find out more!

If you’re interested in joining The Profit Machine, now is the time. The market is gonna make things any easier for you, so you might as well be trading to learn. When you join my students and I, not only will you be getting my trade signals, but you’ll also receive top-class options trading education by me, week in and week out.

Let’s accelerate your educational journey, so you are better equipped to become a more consistent, more profitable trader. Sign up today. Until then…

Good Luck!

Christian Tharp, CMT

Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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