SHOP - 24.86% Potential Profit - Uptrend Corridor Bounce

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Uptrend Corridor bounce with target price set at resistance.

A very speculative trade with a great risk/reward ratio. However, a trade to approach carefully, despite the attractive potential rewards.

- Strong Uptrend
- RSI above / STOCH below 50
- MACD below Signal

Suggested Entry $1031.17
Suggested Stop Loss $989.53
Target price $1293.48

Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Note
Updated:

Suggested Entry $1025.05
Suggested Stop Loss $1004.25
Target price $1293.48
Trade fermée: ordre d’arrêt atteint
-2.21 loss
Note
EDIT: -2.21% loss
Chart PatternsTechnical IndicatorslongsetupSHOPshoplongswingtraderswingtradingswingtradingsetuptradesetuptradesetupsTrend Analysis

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