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Analysis: #NYSE $SHOP

Case 334 #Shopify Inc. - Revisited

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#SHOP 1/4
Chart 1
Weekly Chart: The strong close above #trendline #resistance seen in May 2020 continues to support the current upmove. The first objective is 887.47 and a close above will target 1018/20. To maintain .....

SHOP 2/4
..... #bullishness the price needs to hold above 708.97 - a close below targets major #support between 643.19 - 593.89.

SHOP 3/4
Chart 2
Daily Chart: An unfilled gap at 799.02 - 745.00 has appeared and price is attempting to close above 779.50, failure could see a move lower to fill the gap.

The #Strategy is printed on the image.

$SHOP 4/4
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Related hashtags

#NYSE #Shopify #SHOP #trendline #resistance #bullishness #support #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NYSE $X

Case 339 #United_States_Steel Corporation

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#X 1/4
Chart 1
Monthly Chart: Price traded to a new all time low of 4.54, Mar. 2020, but failed to close below the 17 year #trendline support. Watch the #SMA 20 closely as it had acted as #support since .....

X 2/4
..... July 2016 then closed below in Aug. 2018 with price unable to trade back above - currently at 13.56.

X 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $GNUS

Case 338 #Genius_Brands International Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#GNUS 1/4
Chart 1
Weekly Chart: This month saw price explode higher, taking out the 2015 #trendline #resistance, the cluster and stalling exactly at the #Fib. 0.886 at 11.73. #Momentum is positive but falling and price is moving closer to .....

GNUS 2/4
..... the #support zone 3.26-1.63 - a close below the latter begins to target the vacuum between 1.22-0.64.

GNUS 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $PRVB

Case 337 #Provention Bio Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#PRVB 1/4
Chart 1
Weekly Chart: Trendline resistance at 15.77 is currently under attack but a close above pivot #resistance at 16.84 is required to turn #bullish and target channel top, currently at 25.59 - a close above targets 31.07 and eventually the .....

PRVB 2/4
..... long term object 39.62. Support begins at the recent #pivot break of 14.38 then 10.35 - 9.66 area (pivot and #Fib. 0.618).

PRVB 3/4
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