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Shopify held key support around ~$1535. As long as its trading above second support line uptrend is intact. Good buying opportunity if price drops into the orange triangle. Expecting uptrend to continue into the coming months. This is not financial advice.
Hello ladies and gentlemen, according to my graphical analysis I recommend to keep as much as possible SHOPIFY INC in your portfolio and of course to avoid the sale because graphically and technically SHOP Stock has broken with force a very important resistance (R1,R2) proven with a great probability the increase of SHOPIFY Stock. My Next Target is at least 1850...
SHOPIFY INC Our share of this is a trend-level acceleration and a very high explosion Strong and large volume of large traders and buyers During the week's calm, the purchase was made
Breaking through the resistance with a strong candle means 100% confirmation of the trade. A price channel that the price took before the model A price channel that the price will take after the pattern The end of the triangle model, which is a continuation model
Entry point would be 1290 to 1297, BB is pretty much squeezed, seems like a good point of entry, if it breaks down further would wait until 1225-1240 the next level to enter. Watch how it behaves in the morning. Good stock for day trade and swing trade.
Based on daily time frame : Shop is currently in its down trend seeking its support levels S1 : 1270 and S2 : 1200. RSI is also depicting a downtrend. Anticipated buying range could be in the range of 1270 - 1290. If it breaks S1 at 1270 next buying area will be around 1180 -1200. Since earning date is near on 29 Oct, it is likely that the share price may go up...
Shopify appears to be at the lower level of its present trading channel. May be a good point to begin anticipating a reversal. Although the markets are on a down turn for tech on the TSX as of last few trading days. I am going to watch for a possible long swing position. The overall channel from June 8th supports my position. So does the more recent trading...
I recommend it to buy ; The probability of going up is great We have A Chance To double The Buy ; follow me i will posted when We have to do
Hi friends the daily chart of this market shows that it will experience an uptrend in the coming days but at the same time you have to be vigilant of the change of this market towards the opposite direction please subscribe to receive more analysis
SHOP (Shopify INC) still go up for a bit with resitance at 1300.