PIXY

1 May 2021

ShiftPixy Inc (NASDAQ:PIXY) Ready for more action? Last week’s performance of PIXY was marked by an explosion in volume and price action on Thursday. Towards the end of the week things went a little south but nothing alarming enough for me to worry about after taking a new long position around 3.20. I'm here to trade, not to make investments. From a technical standpoint, the stock reacted very well to the support zone, previous resistance, closing back above the $3 level on volume. Another bullish signal is coming from the MACD which crossed up above the signal line and this may spur further buy signals in the short-term. Watch the break of 3.35 next week, for a potential run to $4 I’ll continue to monitor the play for further potential upswings.