Triple seen clearly on the 4h timeframe on shopify. It can be seen on the daily also but its not as clear imo.
Im hoping this is the bottom on shop but with earnings coming soon it can still possibly go lower as we have seen in other tech stocks like facebook.
Also see some rsi divergence happening which can suggest we will move up.
I believe amazon earnings helped for tech stocks in finding a bottom.
Although some may find shop overvalued i believe this company still as a lot of growth.
DYOR.
Im hoping this is the bottom on shop but with earnings coming soon it can still possibly go lower as we have seen in other tech stocks like facebook.
Also see some rsi divergence happening which can suggest we will move up.
I believe amazon earnings helped for tech stocks in finding a bottom.
Although some may find shop overvalued i believe this company still as a lot of growth.
DYOR.
