Quantcast
If Shopify (SHOP) Trades Under This Level, Expect a Decisive Move Lower | The Mesh Report

If Shopify (SHOP) Trades Under This Level, Expect a Decisive Move Lower

Christian Tharp, CMT September 14, 2020 Comments Off on If Shopify (SHOP) Trades Under This Level, Expect a Decisive Move Lower

A support level has formed in the chart of Shopify (SHOP – Get Rating).  If the stock breaks below this level, a significant down move is expected.

SHOP offers an e-commerce platform primarily to small and midsize businesses.

Merchants use the company’s software to run their business across various sales channels, such as web and mobile storefronts, physical retail locations, and social media storefronts.

The company has been benefiting from a pandemic-induced e-commerce shopping boom.

See chart and continue reading at STOCKNEWS.COM



Comments are closed.