{"id":12340,"date":"2022-08-01T08:05:54","date_gmt":"2022-08-01T08:05:54","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12340"},"modified":"2023-05-12T08:08:56","modified_gmt":"2023-05-12T08:08:56","slug":"shopify-approaching-the-end-of-its-consolidation-target-60","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/08\/01\/shopify-approaching-the-end-of-its-consolidation-target-60\/","title":{"rendered":"SHOPIFY approaching the end of its consolidation. Target $60+."},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Shopify (SHOP) has been consolidating within an Accumulation Zoen since the May 11 Low. At the same time the 1D RSI has been on Higher Lows indicating a hidden bullish sentiment. The last time we saw that recently was during the September 24 &#8211; November 29 2019 Accumulation Phase, which was also on 1D RSI Higher Lows. A strong rally followed after the pattern broke to the upside (came after the price broke above the 1D MA50 (blue trend-line)).<\/p>\n<p>Currently, the bullish targets are the upper Fibonacci retracement levels, which as you see they all match the Lower Highs during the price correction. We are aiming for $60 on the short-term.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/SHOP\/YD12e5qi-SHOPIFY-approaching-the-end-of-its-consolidation-Target-60\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/SHOP\/YD12e5qi-SHOPIFY-approaching-the-end-of-its-consolidation-Target-60<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Shopify (SHOP) has been consolidating within an Accumulation Zoen since the May 11 Low. At the same time the 1D RSI has been on Higher Lows indicating a hidden bullish sentiment. The last time we saw that recently was during the September 24 &#8211; November 29 2019 Accumulation Phase, which was also on 1D<\/p>\n","protected":false},"author":611,"featured_media":12341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1640],"tags":[],"class_list":["post-12340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stocks"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12340"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12340\/revisions"}],"predecessor-version":[{"id":12343,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12340\/revisions\/12343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12341"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}