BIGC
$BIGC LONG SHARES$BIGC beaten battered and abuised with supply chain issues coming at them left and right. Finally a breathe of fresh air on the weekly chart as we look for a potential bottom here.
From a fundamental point a 1.5B eval is a nice spot long term for this name so I will be entering a large share position Monday with a super tight stop of $3 per share while we look for a $20+ upside. 7+ R trade <3
Long BIGC above 60.88Long BIGC above 60.88. Sleeping Alligator .
Daily chart shows a sleeping alligator printing now three fractals around 60.88. Ready to open its mouth.
AC is also increasing on the weekly chart.
Weekly balance line is right now at 65.65. If price crosses it we could see a larger run to the upside.
NASDAQ:BIGC
Long BIGC above 60.00Long BIGC above 60. Sleeping Alligator.
Daily chart shows a sleeping alligator printing now two fractals at 60.0. Ready to open its mouth.
Weekly chart shows no AC values because BIGC has been out there less than 34 weeks, but there is already a weekly bullish divergent candle which formed today. It will be also triggered next week if BIGC closes above 60 any day.
Let's eat!
NASDAQ:BIGC
BIGC: Searching for bottom (more pain or attractive entry?)I'm still somewhat bullish on NASDAQ:BIGC (been feeling uber bearish so going to post this long play for balance) Price is looking for support but larger market factors can lead to continued sell pressure. Accumulation is the name of the game here. Bearish divergence building since Dec. '21. Loose stop on this one. Targets and additional info on the chart.
Support and Resistance for SHOPThe dashed lInes repersent some weaker support and resistance where I expect some price reactivity. The solid lines are historical supports and I expect for rejection or larger moves to take place off of. Lows have been swept up last week with large volume which could be a combination of short covering or confident buyers adding to their position. This is significant because it shows that despite the markets downturn, there is still some bullish activity in the stock. This stock has a beta of 1.56 so it will be generally more prone to market volatility. After a worse than expected Earnings report coming in at .99 a share (1.24 expectation) the stock corrected from its pre earning run up. From here a full retrace to 1204 which was a generally accepted price between buyers and sellers is possible. There is also the possibility that price runs back up to the gap at 1322-1335, this could be a very reactive area. Sitting under the December highs I would say that there isn't much of a bull bear bias for this stock quite yet as the market corrects and with the bad earning's report. Note that while Shopify is a leader in it's category- companies like e-Bay, Amazon, and Walmart all offer integrated e-commerce. Furthermore BigCommerce now offers their sellers a chance to directly market and sell their products on the Walmart Marketplace which could be huge for the brand.
BIGC-4H-NASDAQThe graphic looks OK but it's not familiar to me.
If you have any idea about this company, please comment below!
I wish you good profit!
Thanks
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BIGC downtrend brekaoutBIGC on watch for a breakout.
new demand zone formed just below 70 and BIGC just had a strong trading day, attempting to break out from the downtrend.
MACD green bar is a good indicator.
Enter play after a breakout confirmed by volume, PT1 $78 on fib0.5 and PT2 at $86 for a full recovery.