$SHOP: A 4-Year Pattern Breakout Before Earnings

Wait 5 sec.

$SHOP: A 4-Year Pattern Breakout Before EarningsShopify Inc.BATS:SHOPb1ackst3a1thWith the AI bubble looking frothy, investors are hunting for the next big rotation. The consumer holiday play looks like the perfect switch, and all eyes are on $SHOP. This is looking like a clean breakout from a massive 4-year rounding bottom—a pattern this big is a major deal. The setup couldn't be more critical: • Catalyst: Earnings are tomorrow (Nov 4) pre-market. • Sector: AMZN just hit a record high. The e-commerce holiday season is the clear narrative right now. • History: SHOP has a strong track record of beating revenue estimates for the last two years. • Momentum: The stock is already up over 60% YTD and the RSI is high, showing strong buying interest. • High Beta: The stock's beta is over 3.5. This thing is built to move on a catalyst. You have a long-term technical break, a major sector rotation, and a huge earnings catalyst all hitting at the same time. This is a powerful combination. Watching this one very, very closely today.