$SHOP | Buy Within Wedge Structure & Watch For A Breakout Long

Shopify Inc.NYSE

Description

⋅ Feb 2, 2021 1:22 PM

SHOP is trading within a bullish wedge above structure.

Look for long to the top the wedge structure to $1200

A breakout of the wedge can lead to previous highs at $1280 and then new all time highs at $1380

Comments

markrobertson67

⋅ Feb 3, 2021 6:47 PM

Looks like we broke out and just making through a fib line, as i type. Very close to being a dragonfly doji today though. Any thoughts.

AidanMDang

⋅ Feb 3, 2021 11:49 PM

@markrobertson67, I think it can push higher but may need some more sideways first