imankohkan

shopify

Long
TSX:SHOP   SHOPIFY INC
The description on the chart is clear

Comments

I really don't see what is clear about shop going up as you indicate? there is a big divergence on the RSI in the daily and even weekly charts. At best it's going into a sideways triangle which could go up or down. The top almost looks like an extended head and shoulders. The spot where you have a 3 is the left shoulder, the 5 the head, the B, and the D the extended right shoulder. It's a well-known fact that this stock is overvalued. I think you are wishful thinking but I wish you the best of luck. I am not buying this, I might actually short it, I could see this go down to the 980 levels may be lower. But I am wrong more than half the time on my predictions.
+2 Reply
Earning idea guys thank u
Reply
Thanks for sharing your wave counts. I was struggling figuring this recent correction.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out