Shopify Inc.Long
SHOP setting up to break 94 resistance? 1 White Soldier on daily
SHOP opened higher than Fri close and is sitting right around yesterday's high of 93.3. If it closes > yest. open 92.22 (ideally > yest. high) it'll look like a clear bullish 1 White Soldier bouncing off long uptrend line & testing/establishing 94 as support. But since the white soldier isn't technically at support yet (so far, 94 still resistance), it may just be signalling bullish momentum heading into Aug. 1 ER but we may see the price staying in the 91-94 range with tests of 90 & uptrend line and tests > 94 til then per previous analysis. Best to sell puts and enter/go long ~91 regardless since any news could easily send this through 100 & solid long:)
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