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BBTrader29
May 10, 2019 10:31 PM

SHOP Snapback Short

Shopify Inc.NYSE

Description

Shop is extremely overextended and has begun its round down pattern on the 4hr chart and daily chart. On the weekly chart there has been a bearish harmani established. All signs point to pullback, looking for $244 as first target and $230 as second target. Initial target is 6% profit. Will sell if it continues above $267

Trade closed: target reached

Target 1 reached. Sold half of position at $242
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