Shopify Stock Technical Analysis | $SHOP Price Predictions

2 years ago
13

Is Shopify a good time to go buy? Shopify Technical Analysis using Fibonacci tools for a swing trade.

Shopify had a decent pullback recently. Let's see if this pullback is a good place to buy more $SHOP

Today, I will also share some recommendations that I gave out the last few weeks in the energy sector using the same Fibonacci Analysis.

Range Resources Technical Analysis | $RRC Price Prediction
https://youtu.be/4OQtNVQPtfA

Diamondback Energy Stock Technical Analysis | $FANG Price Prediction
https://youtu.be/K9vcThuzmr0

Shopify Technical Analysis | OXY Price Prediction
https://youtu.be/5LRwtIevDvE

Valero Stock Technical Analysis | $VLO Price Prediction
https://youtu.be/X74Li2a4Ccg

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This is the Centered Trading Channel. We trade US stocks, stock Options, futures, and currencies. Each day we look at the S&P500, Nasdaq, /CL, and the Russell2000. We focus primarily on Technical Analysis, Trading Strategy, Trading Psychology, and Position Sizing.

I am a student of Fibonacci Analysis and the 3 Price Relationship as taught by Carolyn Boroden (Fibonacci Queen).

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Trading with Commitment means that I must follow through on my trading plan. I either take a small loss with the trade, ratchet up the stops as the trade goes into my favor, or take profits at appointed profit extensions.

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#SHOPIFY #SHOP #TechnicalAnalysis #OnlineRetail #eCommerce #Shopping

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