Shopify Inc.Long
Shopify - target $380
Technicals:
Break out brom downtrend + Price action on the market SAAS stocks down day in shopify showed extremely bullish reversal, yesterday was same bullish reversal on a red market day.
Big picture: SAAS and growth stocks showed a lot of weakness lately butSHOP was the leader in all of them.
Plan: Buy monthly call options with a strike price of 380 after a pullback to the 340-350 area.
Break out brom downtrend + Price action on the market SAAS stocks down day in shopify showed extremely bullish reversal, yesterday was same bullish reversal on a red market day.
Big picture: SAAS and growth stocks showed a lot of weakness lately but
SHOP was the leader in all of them.Plan: Buy monthly call options with a strike price of 380 after a pullback to the 340-350 area.
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