NYSE:SHOP Technical Analysis: Shopify, Inc - SHOP 💡Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems #SHOP has been one of the stocks that benefited the most from the Covid 19 crisis: in March 2020 the price...
SHOP Daily timeframe seems to be testing top of previous range which is a strong support Volume dropped until last hour Bullish divergence on hourly RSI Bullish volume spike last hour of the day (highest hour volume of the day) My target is previous resistance range This Is Not Finacial Advise
SHOP has consolidated properly in last few months. It's time it will move up very soon very fast!!! First Target 1200 Final target 1450 Stop price 1020
SHOP looks like it could be ready for another leg up. Smaller ascending triangle up around closing 1072... and potential downtrend break after hours. Watch the 1073 breakout area and up to 1100 as overhead resistance--1040's closest support. If rejected-- that's a play in itself but am hoping to see a breakout on this one.