rsaylor55

SHOP bullish setup

Long
NYSE:SHOP   Shopify Inc.
SHOP Thursday put in huge reversal candle w the rest of the market. Above average volume on the day. RSI bullish divergence noted. This looks ripe to test breakdown candle high in the 730 area, and then if it can really get going it can fill the gap up to 840. I saw a lot of 03/18 calls come through yesterday and today too. You could look for 03/18 800/840 call debit spreads here for a play on the potential gap fill i think

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