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SHOPIFY INC DRNSHOPIFY INC DRNSHOPIFY INC DRN

SHOPIFY INC DRN

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SHOP SPY check the Options Prices for 6/13 and 6/20

Put Volume Total 7,501
Call Volume Total 23,417
Put/Call Volume Ratio 0.32

Huge OI Magnet to $115-120 no shorts.

Easiest long this week for $3 PA
A_S_A_P
SHOP If we can break the $110 resistance were heading back for $130, We need volume!
SHOP forms an ascending triangle, which indicates bullish momentum based on elliot wave theory. a rebound on the short term support line could consolidate its strengths.
What are your toughts?
Snapshot
SHOP is showing a clear upward channel since the end of the pandemic. it has established two support lines, both indicating a bullish trend. the blue signal line helps to identify whether a entry is suitable.

my analysis is based on fibonacci retracements along the green and red arrows.

If the stock shows similar development as since Dec 18, I suggest an average daily growth of 0.33 %. Which is about 2x BRK.A and about -0.2 % per day less than $HAG.

What are your thoughts?
Snapshot