Get started
benjihyam

$SHOP - one more high at $59 before lower

Long
Shopify Inc. (NYSE:SHOP)  
benjihyam Updated   
NYSE:SHOP   Shopify Inc.
Support and Resistance Pivot Points Economic Cycles SHOP shopify
5
0
supportandresistance pivotpoints economiccycle shop shopify
Even with the negative earnings, Shop looks like it wants higher.

I could see $shop hitting $59 before falling lower.

I think the move would play out before March 3rd.

Let's see...
Comment:
Still think this is valid. Let's see if we get a reversal today or tomorrow
Comment:
Can't deny the weakness in stocks. I'm out of all longs here.
Comment:
It can still push higher, RSIs do look like they're bottoming, but the risk/reward isn't there for me for me to take the trade.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.