Hi guys! This is a Technical Analysis on Shopify (SHOP) on the 1 Week Timeframe.
Since its not the end of the Week, we have to wait till the end of week to see how this week's candle closes.
We ATTEMPTED to break
->1. The ORANGE resistance zone above the 1 FIB level
->2. The "MAJOR RESISTANCE" labeled line that represents a RESISTANCE trend that...
Bull momentum of Shopify has been completely released
This chart shows the weekly candle chart of Shopify stocks over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, since the completion of the form at the end of October 2022, it has risen by 4 small bands, and theoretically, the...
On Feb 3rd i was writing this article saying that the price targets after the Feb 16th earnings are $715 and $531:
At that time, the price was $929. i know it seemed ridiculous.
But today the fist price target was reached and i have closed 50% of my position.
The Slowing Growth Outlook was the main catalyst for the selloff: "There is caution around inflation...
