Bullishcharts

$SHOP back on the shopping list.

Long
NYSE:SHOP   Shopify Inc.
Possible entry level $305 = Target price $325 = Stop loss $295
Possible short entry on break below 200MA.
7&12 Moving averages need to be broken as resistance.
Stock still holds big profits for investors so any market weakness could be compounded as SHOP is used as a source of Cash.
Indicators are trying to stage a reversal and strong volume came to the rescue on strong historical support at $283.

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