Shopify Inc.شراء
SHOP headed higher by when?
Just a few comments:
I have a price target north of $1800 by early first quarter next year (SHOP might get there sooner, say Dec 2021)
There is a significant volume node around yesterday's close $1538 (using daily Heikin Ashi chart). And a larger node near the Pivot point P, at $1470.
The extended ytd linear regression line runs through $1470 in early September.
I won't be surprised to see the price trajectory continue on a parabolic up curve, or to suddenly show a "reversion to the mean".
Near-term, for trading purposes, I'm bullish $1470 or lower, and defensive above $1550. Long-term I'm bullish.
I currently have a defensive bias based on broader market levels. Also, I was overly bullish (and exposed) during the February and March sell-off in SHOP.
I have a price target north of $1800 by early first quarter next year (SHOP might get there sooner, say Dec 2021)
There is a significant volume node around yesterday's close $1538 (using daily Heikin Ashi chart). And a larger node near the Pivot point P, at $1470.
The extended ytd linear regression line runs through $1470 in early September.
I won't be surprised to see the price trajectory continue on a parabolic up curve, or to suddenly show a "reversion to the mean".
Near-term, for trading purposes, I'm bullish $1470 or lower, and defensive above $1550. Long-term I'm bullish.
I currently have a defensive bias based on broader market levels. Also, I was overly bullish (and exposed) during the February and March sell-off in SHOP.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.