SHOP has been quietly building something. Bullish RSI divergence at the May low near 130. Price made a lower low, RSI made a higher low. That was the warning. The bounce that followed wasn't random. Since then it reclaimed the 20, 50 and 100 EMAs one by one. Now there are two locks overhead, not one. First the 200 EMA at 171.90, testing it right now. Then the upper line of the triangle near 183. That's the real breakout level. Between the two sits the March supply zone around 175 to 180.
RSI at 61, above its average, still room before overbought. Momentum is there. Step one is a clean daily close above 172. Step two is clearing 183 with volume. That's what confirms the triangle break, not before. First tests of the 200 from below usually fail, so no rush. Rejected here and it rebuilds around 158 to 165 (EMA100).
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.