jwjustinwatkins

Shop Bullish 920 > 1000 on PLs

Long
NYSE:SHOP   SHOPIFY INC
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1
SHOP
Today's Date 11/18/20 3:11pm
Long
TLDR: Wait for bounce down on 786 fib, buy at PL 920, ride up to below 1000$ and sell at this psych line.

Reason: PL $920.00 is strong from May. Multiple rejections on 4hr. Shop has broken the 1000$ mark before, but it's hovering just below that mark. Don't ride up to all time high, set a tight stop gap and ride to 1000$.

Comments

what r your thoughts on TTD and Tsla with this kind of valuation
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