Shopify made two unsuccessful runs at the 50% Fibonacci line this past week.
Little reason to doubt it won't try to break through at least once more prior to earnings April 28.
$495 sell-off in Feb March has many doomsayers calling for a bigger sell-off and perhaps an overall revaluation of this high growth ecommerce stock.
They may be right ... but I'm looking for more run out of this recent rally. And maybe a bigger upside move.
Post earnings price movement is completely unpredictable. Study the recent ER and specifically the days immediately preceding.
I masked the pivot points, because they make the chart too crowded, but they approximate the target prices shown.
Little reason to doubt it won't try to break through at least once more prior to earnings April 28.
$495 sell-off in Feb March has many doomsayers calling for a bigger sell-off and perhaps an overall revaluation of this high growth ecommerce stock.
They may be right ... but I'm looking for more run out of this recent rally. And maybe a bigger upside move.
Post earnings price movement is completely unpredictable. Study the recent ER and specifically the days immediately preceding.
I masked the pivot points, because they make the chart too crowded, but they approximate the target prices shown.
