SHOP Short Opportunity Soon$SHOP nearing the top of its ascending channel, touching the top Bollinger band and MACD and RSI approaching levels where historically they start to reverse. Could be a potential opportunity for a short term short, possibly next week or end of this week.
I would wait for a clear trend reversal before committing to a short.
Let me know what you guys think, would love some feedback.
SHOP/N trade ideas
Shopify - keep it on your watch list.Shopify - keep it on your watch list.
Entry now would be too early . Still looks like it has more downside to play out.
Look for a buy in the next month or so. Then watch it go.
I am new to Wave theory, so if I am wrong in my analysis, please offer some feedback. Thx.