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SHOP Leads Software Higher

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Shopify closed just above an area of resistance on Tuesday and followed up with even more gains today. Has the look of a double bottom but the middle of the W was a little lower than we normally see. Still offered a buy point at 349.54. Remarkable that it was up so much Tuesday when most things were down, like Coupa Software rebound mentioned yesterday. It released bullish holiday season e-commerce sales data showing that its merchant customers worldwide saw a 60% increase in sales during Black Friday and Cyber Monday. Shopify sets up e-commerce websites for small businesses. Definetly check out the story by Reinhardt Krause.

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