Shopify Inc (SHOP.NYSE) | 14/01/2018 | 1 Year, Daily Chart
The resistance line, where the stock
Low base breakout
after sell off
Can be bought off
the green bars as strength
Support line to be used as a buy zone
for mean reversion players
Technical Summary: The five year chart shows one of the stock market darlings over the last 5 years. However the
‘picture’ has changed quite drastically over the last year with the stock trading within a tight and volatile trading
5 Year Chart
range. For this reason it is perhaps best avoided for trend followers. It might be best to leave this one to traders
that are looking at it from a mean reversion basis. In which case the stock is best bought when it sells off and
shows strength off the lows. Once the stock seems to be getting overextended it might be time to sell.
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