thibaultgruy

$SHOP Shopify EOY 2019, double top active? $SHOP

NYSE:SHOP   SHOPIFY INC
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$SHOP Shopify doubble top active?

If this double top really plays out i would only buy in the showed zone. Around $340.
The 340 level was multipli support and resistance zone, it would also have the 0.5 retracement level of fib of the run from $280 to $405.

If the double top does not hold, and it breaks (and retests) the dashed line we could aim to $500 depends on the market.

Earnings Q4 will clarify which direction we could go the further months.

Still a very volatile stock.

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