BY LICIA LESLIE
November 26, 2023
Hi Shoppers,
Shopify (Ticker: SHOP) has had a huge rally and is trading up to its previous high back in July.
Wednesday’s action has created a nice looking doji:
Looks like the stock has possibly topped out here.
As always, wait for a down day to confirm the doji candle is valid before hopping into the options.
The next level of support comes in at $66.60.
Use a close over $71 as your stop loss.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
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