GregFolin

$SHOP is Set for Little Horrors on the 700 Club

NYSE:SHOP   Shopify Inc.
SHOP is one we called out as a top earlier this month after a major midday reversal that came with no news and in concert with similar reversals in other extremely overvalued new-industry tech names. The trendline is now under pressure.

Expect this to fail and hit that rising wiggly blue line (the 50-day MA) Next. Ultimately, the $700 club is coming here.

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