SHOPIFY INCShort
Possible Opportunity to short Shopify
Shopify has had a great bull run and it's reached is peak, finishing with a large englufling candle, signaling a potential end to the bull run, followed by decreasing bull volume today.
RSI is at overbought levels although it should be noted that it has been much higher before, so we are still waiting for the reversal signal.
Look for it to challenge the $177 range on Monday and start falling along with an increase in bear volume. We are looking for a reversal in the MACD and a dip in RSI levels to signal our short opportunity.
RSI is at overbought levels although it should be noted that it has been much higher before, so we are still waiting for the reversal signal.
Look for it to challenge the $177 range on Monday and start falling along with an increase in bear volume. We are looking for a reversal in the MACD and a dip in RSI levels to signal our short opportunity.
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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.