Shopify Inc.Short
SHOP Snapback
Updated
Shop is extremely overextended and has begun its round down pattern on the 4hr chart and daily chart. On the weekly chart there has been a bearish harmani established. All signs point to pullback, looking for $244 as first target and $230 as second target. Initial target is 6% profit. Will sell if it continues above $267
Trade closed: target reached
Target 1 reached. Sold half of position at $242
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