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youngbosnia
Mar 11, 2024 7:25 PM

$SHOP Bullflagging in an Uptrend Long

Shopify Inc.NYSE

Description

NYSE: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)
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