WadeYendall

SHOP Retest completed

Long
WadeYendall Updated   
NYSE:SHOP   Shopify Inc.
SHOP broke the ATH and then sold off coming into earnings. It is down following earning but has just retested the breakout point. I like it long above the green box here with 1500 as a key level. Above 1500 = bullish. Below = bearish. Targets would be a retest of the 1.27ext and then the 1.618ext. Best to wait until after the Fed meeting for entry.
Comment:
Still working the 1500 level. Preferred entry would be after a flush down then a recovery.

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.