SHOP about to test trendline and look for years high

Hi traders,

for SHOP i see a test of the trendline around $39 which is also the .5 fib level from the uptrend started begin of 2023. Afterwards, we should hold the trendline and see the 2023 highs again.

This is no financial advice.
Chart PatternsTechnical IndicatorsSHOPshopify

Disclaimer