zachyam

$SHOP coiling ever so tightly

Long
zachyam Updated   
NYSE:SHOP   Shopify Inc.
$SHOP is another one that respects technicals really well. It's shown strength over the past months in the way it trades within its volatility box before breaking out to form a new trading range. Look at how tight this bullish triangle is.
Order cancelled:
Had a fakeout as it went to ATHs but huge selling on the overall market caused it to end with a huge bearish candle on the day. This is why stops and risk management are important.
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