Shopify (SHOP) shares are in focus following an upgrade from Phillip Securities. Ben Watson drops in to provide his technical takeaways on the chart, starting with a 5-day timeframe. He sees a bullish momentum divergence with its MACD study and underlines $128 as a near-term upward resistance level. On a 1-year chart, Ben adds the 50-day simple moving average and shows how shares remain well under that indicator.

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