$SHOP Consolidation post earnings could see a move soon?
Shopify has been consolidating post-earnings, now it has formed a descending triangle.
Watching for a breakout above resistance to target $113.57–$116.25
Or a breakdown below 'demand zone' to target $109.02–$107.18 (gap fill).
Watching for a breakout above resistance to target $113.57–$116.25
Or a breakdown below 'demand zone' to target $109.02–$107.18 (gap fill).
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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.