CFD Trading – Buy Shopify (SHOP.NYS) @ $1030.00. Stop @ $1006.00 and Target @ $1115.00

Shopify Inc. Stock Code SHOP.NYS

Recently, price dropped to a low of $875 and MACD gave a divergence warning, hinting of a possible price low in the formation. Last Friday, price broke above the cloud, which could be a sign of a possible bullish trend, moving forward. Conversion line and Base line have yet to crossover but is moving towards each other. Lagging Span is just above price of 26 days ago and above the cloud at the moment.  MACD is bullish and rising and a bullish crossover was seen earlier. If price can move above $1046, it could be heading towards the previous high of $1146.

$1030.00             Buy
$1115.00             Price Target
$1006.00            Risk Management Stop
3 weeks               Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.