SHOP Bull Flag and Squeeze Setup
Shopify (SHOP) shares flagging in a small range above VWAP from the recent lows and just below a big volume shelf at $1562. The top of monthly value sits right at the $1562 level as well. A breakout can re-test the prior highs at $1645 and then a longer-term measured move to $1730. Shares are forming a daily long squeeze and both MACD and RSI are neutral but prepared to turn higher with some momentum.