mperlaza25

SHOP: Pre-earnings play

Long
NYSE:SHOP   Shopify Inc.
SHOP has sold off 11% in the past week. Earnings coming on 22nd. This looks like pre-earnings profit taking, which also suggests there may be a pre-earnings bump late next week. SHOP is also testing a reliable trend line for the 5th time and the 20MA for the 3rd time. Looking for entry confirmation with RSI or bullish candle.
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