Don't Ignore This Chart!

Is Shopify On Your Shopping List?


Shopify appears to have all the makings of a stock ready for its next move. Relative strength is starting to rise, full stochastics are striding higher, the stock is about to break a 6-month resistance line and the PPO is resetting at zero!

This high growth stock is really looking good. Considering how tight a stop under this week's low would be, this looks all set to rise. If it needs more time, I want out anyway. This stock is listed in Canada as well at SHOP.TO.

Here are some of my videos from the last week. The Final Bar video discusses what to look for on the PPO.

Below is a video produced this week by our video producer Gretchen Pitluk and narrated by Erin Swenlin. I found it very informative, so I thought I would share it here.

For those of you who are looking for a small gift, you might have family or friends that would like to learn more about the basics of charting; if so, they'll love Stock Charts for Dummies. The first section of the book walks through all the chart settings to get the charts you want, while the second section explores why you might use charts for investing and the third section is about putting it all together.

Click here to buy your copy of Stock Charts For Dummies today!

This Final Bar video shows three simple scans users can work through to help find strong stocks off of the lows. 

If you are missing intermarket signals in the market, follow me on Twitter and check out my Vimeo Channel. Bookmark it for easy access!

Good trading,
Greg Schnell, CMT, MFTA
Senior Technical Analyst,
Author, Stock Charts for Dummies

Hey, have you followed me on Twitter? Click the bird in the box below!

twitter linkedin

Want to read more from Greg? Be sure to follow his StockCharts blog:
The Canadian Technician

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus