SHOPSHOPShopify, Inc. Class A
$147.09
24h
+0.21%
Cantonese Cat 🐱🐈Cantonese Cat 🐱🐈
12 Oct, 17:41

Bullish breakout structure deemed unjustified by macro headwinds

Bearish-16.80%

AI Summary

The author argues that Shopify's apparent bullish breakout structure is unjustified given rising bond yields and a contracting economy, reflecting a bearish stance on the stock.

A stock like $SHOP should not have a bullish structure looking like it wants to break out like this - if bond yields are going to infinity and if the economy is contracting. https://x.com/cantonmeow/status/2109701029793251644/photo/1

More Views About SHOP