benjihyam

$SHOP - one more high at $59 before lower

Panjang
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NYSE:SHOP   Shopify Inc.
Even with the negative earnings, Shop looks like it wants higher.

I could see $shop hitting $59 before falling lower.

I think the move would play out before March 3rd.

Let's see...
Komen:
Still think this is valid. Let's see if we get a reversal today or tomorrow
Komen:
Can't deny the weakness in stocks. I'm out of all longs here.
Komen:
It can still push higher, RSIs do look like they're bottoming, but the risk/reward isn't there for me for me to take the trade.

Penafian

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