SHOP clearly hit a double top it was right to the penny at $190.00 If we can break 190 we looking for next resistance in the low $200. However, in the past when SHOP had double top there was a bearish reversal. Also Apple bearish reaction to earnings may have some negative effect on the tech sector
SHOP hit the low of 166.00 on Oct 11th when the initial dump bottomed out. Since the stock had a nice bounce reaching 190.00. Which would be a nice trade. Right now with some market weakness SHOP is back to the 166 area Closing 166.07 Friday. It may signal that the bulls are defending the 166 range. I will watching and may make a potential entry if Monday the 166...
