youngbosnia

$SHOP Bullflagging in an Uptrend

Long
BATS:SHOP   Shopify Inc.
SHOP looks pretty good here. It seems to be bull flagging (teal channel) in a solid uptrend both on a shorter term (green channel) and longer term (purple channel) view. Looks like a solid buy here for a continuation higher.

Target 1: 88 (resistance of red downtrend channel from ATH)
Target 2: 105 (resistance of green uptrend channel from Nov. low)
Target 3: 128 (horizontal resistance)

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.