Trent.klarenbach

SHOP Hyperwave

Short
NYSE:SHOP   Shopify Inc.
SHOP

Weekly chart of SHOP. How much longer can it go straight up?

Regarding SHOP. It has quite the run for a Canadian company.

It looks like a Hyperwave to me.

If it is a Hyperwave then we can expect a retrace to the orange Phase 3 line.

The green box is a level of interest using Fibonacci Extensions and Fib Retracement tools.
Trade active:
Target area range acting as resistance.

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