ContraryTrader

Between a rock and a hard place

Long
NYSE:SHOP   Shopify Inc.
A close up view of shops journey in its weekly channel (White lines).
As you can see that yellow line of Resistance has held since the summer, it even held through shop epic 300 point xmas rally.
Even still shop is at the bottom of its channel with 1300 Resistance, could be a perfect time to go long with earnings around the corner.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.