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linknero
Sep 9, 2021 7:28 AM

SHOP could go down Short

Shopify Inc.NYSE

Description

considering the Fibonacci resistances (and historical behaviour, 'cus it is the same), the stochastic indicators, momentum and the fact that it went through the EMA-50 in any case the price keeps under 1478 there are good chances of going down till 1435 or 1382. Stay aware of any sign of an unexpected rise. I'll give it a try going short

Comment

It tried to rise but stopped right at the resistance of EMA-(20&50) let's wait till confirmation to any direction

Comment

Aaaand... it fell. If it helped anyone, good for you! :D
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