$SHOP Technical Indicators for Short-Term Trading Strategies

BA everyone
MACD Divergence

Stock price and moving average convergence divergence (MACD) indicator are showing a bearish divergence
i.e price is making new highs while RSI is making new lows. This is generally a reversal signal.

Horizontal Resistance

Daily price is touching a horizontal resistance level. Price can hit the resistance level and start going down,
which would be a bearish signal. It can also break out of it to form a breakout, which would be bullish.

Yearly High Close

Price is close to the yearly highs.

Inside Day

When today's high and low are both within the yesterday candle's high and low.

Potential Breakout

Price is close to breaking out from a resistance level.

For Chart Like Mine Link In Bio