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Analysis: #NYSE $SHOP

Case 334 #Shopify Inc. - Revisited

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

#SHOP 1/4
Chart 1
Weekly Chart: The strong close above #trendline #resistance seen in May 2020 continues to support the current upmove. The first objective is 887.47 and a close above will target 1018/20. To maintain .....

SHOP 2/4
..... #bullishness the price needs to hold above 708.97 - a close below targets major #support between 643.19 - 593.89.

SHOP 3/4
Chart 2
Daily Chart: An unfilled gap at 799.02 - 745.00 has appeared and price is attempting to close above 779.50, failure could see a move lower to fill the gap.

The #Strategy is printed on the image.

$SHOP 4/4
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