Jul. 20 at 8:32 PM
New position:
$SHOP at
$127.17
The market has completely forgotten about Shopify.
The daily chart just broke above the descending trendline that has rejected every bounce since the
$180 peak.
After months of consolidation, the stock built a strong base around
$95, reclaimed key moving averages, and momentum is finally turning bullish.
Wall Street is still valuing
$SHOP like an old e-commerce story from 2021. That’s the mistake.
Shopify is becoming the infrastructure layer for AI commerce - powering AI shopping agents, automated checkout, and merchant AI tools.
Same type of setup we saw with
$MDB before its move. Same pattern as
$NET after its long reset.
Nobody wants the names that spent 18 months rebuilding. That’s often where the biggest opportunities appear.
Bought here. Watching for a high-volume break above
$135 for confirmation. Stop remains below the 50-day MA.
