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MarketIntel
Nov 10, 2023 9:07 PM

Shopify: Boom 💥 Long

Shopify Inc.NYSE

Description

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"Boom!" There is no better way to describe the bullish dynamics of SHOP stock. The stock has now confirmed the low of the turquoise wave X with a 33% attack to the upside. The upward wave to the north must now continue to the upside to overcome resistance at $67.60. The high of the turquoise wave Y and thus of the superior wave (B) in green is not expected until around $90.
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