mkbs9130
2023-05-08

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@0QH：
$Shopify(SHOP)$ SHOP has risen 28% for the past 2 trading session and RSI is 78.8, well above the 70 overbought mark. See chart below. Stock is way overbought and should go lower if the broader market is bearish. Its about time to sell some calls for SHOP. However do take note SHOP is breaking 52 weeks high and it is very risky to fight the trend. Therefore one may want to consider options strategies such as Bear Call spread to limit your risk and protect yourself in case of any big movement upward. This is a concern as the market may turn bullish since FED has hinted that it is pausing interest. Historically, every single interest rate hike pause or pivot have been followed by a bull run. So let's see if the SPX can break the 4200 resistance and stay above it to establish the upward trend. $S&P 500(.SPX)$ BullishBulBullish Stay safe if you are bearish like me. Thank you for reading @TigerStars @Daily_Discussion @MillionaireTiger @CaptainTiger
$Shopify(SHOP)$ SHOP has risen 28% for the past 2 trading session and RSI is 78.8, well above the 70 overbought mark. See chart below. Stock is way overbought and should go lower if the broader market is bearish. Its about time to sell some calls for SHOP. However do take note SHOP is breaking 52 weeks high and it is very risky to fight the trend. Therefore one may want to consider options strategies such as Bear Call spread to limit your risk and protect yourself in case of any big movement upward. This is a concern as the market may turn bullish since FED has hinted that it is pausing interest. Historically, every single interest rate hike pause or pivot have been followed by a bull run. So let's see if the SPX can break the 4200 resistance and stay above it to establish the upward trend. $S&P 500(.SPX)$ BullishBulBullish Stay safe if you are bearish like me. Thank you for reading @TigerStars @Daily_Discussion @MillionaireTiger @CaptainTiger

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