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Nov 11, 2019 10:38 AM

$SHOP back on the shopping list. Long

Shopify Inc.NYSE

Description

Possible entry level $305 = Target price $325 = Stop loss $295
Possible short entry on break below 200MA.
7&12 Moving averages need to be broken as resistance.
Stock still holds big profits for investors so any market weakness could be compounded as SHOP is used as a source of Cash.
Indicators are trying to stage a reversal and strong volume came to the rescue on strong historical support at $283.
Comments
Trader-Nazeer
Got this one on my radar as well!
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