We want to begin to build a longer term position in Shopify at these levels.

We think Shopify (SHOP, $187.94) is an interesting longer term play, as we like their fundamental business model.
Currently we have the Wyckoff Wave extremely oversold at the top of its trading range.  SHOP this morning experienced a Spring in an uptrend so we are going to begin to build a position today.
We recommend a small position, and look to add in the weeks ahead.

SHOP is near oversold on Technometer, but holding at elevated levels.  A pullback to $170ish would be ideal, but this stock is staying strong.

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