SHOP off of the 200 day SMA for NYSE:SHOP by brianweber

trendanalysis chartpattern brianweber shopify shop swingtrading swingtrader 200daymovingaverage

Today SHOP made a lower low, but is still holding the 100 day sma on the daily chart. I'm putting an order out there for a limit buy at $110 with a stop at $100.

She may hold here and continue higher if the overall market does too.

Let's see what happens :D

Comment:

I will go long if the market continues higher since SHOP is already at a nice support. Need to see things line up before entering though.

Comment:

So close!

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