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Classic-Options

$SHOP testing resistance zone

Long
Shopify Inc. (NYSE:SHOP)  
Classic-Options Updated   
NYSE:SHOP   Shopify Inc.
Chart Patterns Technical Indicators
2
1
chartpattern indicator
$SHOP testing UTL of symmetrical triangle. A breakout will send this much higher. Bull flag hinting at a breakout soon. Found support on 20-day moving average.
Watch for a breakout on the RSI to confirm move.
Comment:
Nice run with breakout from bullish pattern.
Good area to take profits and raise stops on rest.
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