Todoubled23

$SHOP Short Opportunity

Kort
NYSE:SHOP   Shopify Inc.
$SHOP $537 level to watch to get shorts out of their positions and puke it up. Monthly VWAP has been acting as real resistance with some flattening occuring signaling some strong buying/covering here as volume and OBV also checks out here. Still a daily bear flag, but this is a similar fractal pattern as you will see on all timeframes from 1 minute up to daily/weekly, sometimes what looks to be easy shorting turns into a short squeeze that only serves to knock you out and flip your bias as short term as it maybe.
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