Shopify has been hard climbing the stock´s price ladder for the past two years. Ever since COVID´s crisis, $SHOP´s price multiplied by 4, amazing return for half a year.
The tech sector pullback on the past weeks has affected Shopify making its price lateralize.
But, standing on a support and with great indicators, I think this stock is about to skyrocket. The MACD line is about to cross the Signal line below the 0 level, god tier Long-Signal. On top of this, the RSI has been increasing consistently and its now about to break the 50lvl, indicating the stock is adquiring strength and momentum.
The tech sector pullback on the past weeks has affected Shopify making its price lateralize.
But, standing on a support and with great indicators, I think this stock is about to skyrocket. The MACD line is about to cross the Signal line below the 0 level, god tier Long-Signal. On top of this, the RSI has been increasing consistently and its now about to break the 50lvl, indicating the stock is adquiring strength and momentum.