Shopify Inc.

$SHOP will it retrace to $1300 before earnings?

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SHOP hit significant support close to $1000 and reversed to retrace —strong momentum with a lot of buyer's interest could drive the price above $1250 and potentially reached $1300 by next week. The price needs to stay above the orange trendline. The last two candles look like a bearish Hirami. If it goes below the dotted line, it could see $1150.

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