Shopify Inc (SHOP.NYSE)

8 November 2017


Technical Summary: It was only one month ago since our last technical report on SHOP. This was after the devastating techincal response to the short selling report by Citron Research. Since this timie the stock had an attempt at a consolidation before gapping down on company earnings. From a technical perspective the stock is back in consolidation mode and is not buyable at this juncture. We would like to see consolidation in price before and a narrowing of volatility before we would consider the stock buyable.

Stock needs to consolidate before we will consider it buyable

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