Down from over $1000 to $300 (SHOP)Shopify
Short Term
We look to Sell at 329.01 (stop at 369.57)
Prices are extending lower from the bearish flag/pennant formation. The medium term bias remains bearish. There is no indication that the selloff is coming to an end. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 161.97 and 119.18
Resistance: 330.00 / 405.00 / 1042.00
Support: 196.54 / 133.43 / 100.00
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