heidib

SHOP testing 87.4 support, still flirting wth uptrend line!

Long
NYSE:SHOP   Shopify Inc.
So far, SHOP has tested lower support levels but uptrend line has held by close each time. Looks like it's poised for a bigger move either up or down given that wedge we're in now (which will be determined Monday July 10). Looks like a close above 86 keeps uptrend intact & depending on if it closes closer to the top of today's candle/wick vs. the bottom we'll know what to expect re: breaking out of that wedge (top of candle suggests moving up, bottom would suggest down)...looking good but i'm still waiting to see how we close today and over next days leading up to that wedge uptrend intersection point - guessing back up but could still go either way imo! Regardless, it's def safe to sell some puts for entry/adding anywhere under 91 - even if it does go down for a little while it remains SOLID long! Beginner charting, thoughts welcome:)
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