Reallifetrading

SHOP pre earnings analysis

Long
NYSE:SHOP   Shopify Inc.
Nice distribution, wave 4 right here. If SHOP gaps into one of the GREEN zones, I would expect a bullish move and for the trend to continue. BEST play would be a gap down INTO the 100 SMA, shaking some bulls, waiting a few hours maybe and higher highs to come.
If SHOP opens in the red zone though.... some peeps will be trapped.


My vote = trend to continue.

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