Panjang
Shopify - note volume bars at $1127 to $1306
Might face more selling pressure, but could make a run towards $1300. Either move seems plausible to me (but I favor the move up).
Note the three plateaus in the recent sell off, and the 2 volume shelves at $1306 and $1127.
Shopify has been under pressure for 4 weeks now. And was facing strong selling pressure during the first hour this morning (Friday 3/12). But almost closed green for the day (green shoots of spring?).
Remember this company recently reported almost $3 billion in revenue in 2020, a topline growth in excess of 80%.
Disclosure (I'm long Sep 1100 calls, and a handful of shares).
Note the three plateaus in the recent sell off, and the 2 volume shelves at $1306 and $1127.
Shopify has been under pressure for 4 weeks now. And was facing strong selling pressure during the first hour this morning (Friday 3/12). But almost closed green for the day (green shoots of spring?).
Remember this company recently reported almost $3 billion in revenue in 2020, a topline growth in excess of 80%.
Disclosure (I'm long Sep 1100 calls, and a handful of shares).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.