Shopify Inc.Long
a long term bull reversal trend
shop has a huge run up to this gap up open that has formed a daily shooting star or doji. all the support zones below the high flying daily outlyer would remain buy if the pullback were a healthy consolidation pattern. beyond the current highs there isnt much resistance until the all time high. this market has run over 700 days from $24 to the current $106. that being said the current intraday pattern is still bearish closing down from the open and losing more in post market. buyers will probably find one of these market structure levels if the continuation bull weekly or monthly stays in place with the trend. if we break above the day high well certainly gain a lot more as well.
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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.