The first circle back in 2017 looks like where we are now, before another potential massive surge upward... the yellow highlights are the best buy zones... right now we are getting into the overbought zone, i think soon it will have a big drop considering we are now back into a massive support/resistance zone... the next time we approach the lower range of the RSI...
Shopify has immensely strong fundamentals, as their global e-commerce eco-system continues to grow
www.shopify.com
Looking at the chart I see a long term bullish trend-line that we're now heading back down towards. Interestingly the 200-DMA has been tracking this closely, with the price testing the level last December and again a couple of times in April.
I...
We are testing this trend-line for the 4th time since April 2015, as the RSI nears oversold levels on the daily chart.
We have bullish convergence on the RSI & MACD indicators, looking at the monthly chart.
For the bears, we have the 100 DMA about to cross the 200 DMA to the downside.
An entry around 1.05 level offers decent great risk/reward for a long trade...
Gold could now be heading toward support around the mid 1230s after breaching 200 Day moving average, and a major trendline connecting last December lows with low from July
