Shopify: Lift Your (Shopping-)Bags! 🧺🛍
Shopify should lift its laden shopping bags – or are they too heavy? We expect the share to move upwards, climbing above the resistance at $57.50 and further from there. There is a 31% chance, though, for Shopify to make a detour below the support at $38.90. In that case, the share would develop a new low in the form of wave alt.(B) in magenta first before heading upwards.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.