WLinvestment

TOPIFY? Shop at the top of the Long Term Channel

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TSX:SHOP   SHOPIFY INC
SHOP looks ready to roll technically - heavy resistance at the top of the long term channel, along with a 1.618 extension off the all time low. Timing wise, we have a TD8 on the weekly bar. Very potent cocktail of technicals. I would expect a retrace to the 230-260 range, at minimum.

White Lake Investment
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