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.
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