, 5 tweets, 3 min read
My Authors
Read all threads
Analysis: #NYSE: #SHOP

Case 37 #Shopify Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

Thread 👇👇👇

SHOP 1/5
After rising steadily for two years Shopify exploded higher in 2019, a slight correction has ensued and upside momentum has stalled. A deeper correction is now anticipated. The long term trend still remains highly bullish.

SHOP 2/5
Chart 1
Monthly Chart: The 2019 #trendline has broken and temporary support was found at the #Fib 0.382. A monthly close below 300.00 will set sights on a deeper correct towards the 254.00 - 245.00 area.

SHOP 3/5
Chart 2
Weekly Chart: The #SMA 40 underpins upside momentum. A close below 287.00 will confirm that a deeper correction is in progress.

SHOP 4/5
Chart 3
Daily Chart: The #Strategy - printed on the image.

SHOP 5/5
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with malteseinvestor

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!