CheelooTrader

SHOP - closing on a critical crossroad

CheelooTrader Updated   
NYSE:SHOP   Shopify Inc.

  • Holding the daily MAs and moving on a good volume.
  • Momentum favors this to take it to 74 or possibly 82 before a pullback.
  • Stop loss now 64.5
  • Long via commons. (half position)
Trade closed: stop reached:
I got shaken out for breakeven, but hold of 64 put this back on track for 74. Will remain choppy for short term trading, but LT I see this testing 75 before ER and 100 by year end.

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