SHOP Post Move Analysis:Could we seen the move from indicators?
SHOP went from 1000 to 1250 in less than 10 days. Could we have foreseen the move? Possibly.
SHOP consolidated more than 4 months in a long rectangle which is a continuation pattern or corrective.
The tell for the breakout was a 3D Squeeze which also was clued by the tilting upwards of Stoch RSI.
On the Chart, there are 1, 2, 3 numbered to point out the signs.
I have learned 3D Squeeze is generally more powerful than other time frames. It did have a 4 h Squeeze but produced a weak move.
And there is no Daily squeeze which was the most-watched time frame for squeeze style trading.
Where the stock go from there? That's for the next analysis.
SHOP consolidated more than 4 months in a long rectangle which is a continuation pattern or corrective.
The tell for the breakout was a 3D Squeeze which also was clued by the tilting upwards of Stoch RSI.
On the Chart, there are 1, 2, 3 numbered to point out the signs.
I have learned 3D Squeeze is generally more powerful than other time frames. It did have a 4 h Squeeze but produced a weak move.
And there is no Daily squeeze which was the most-watched time frame for squeeze style trading.
Where the stock go from there? That's for the next analysis.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.