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SHOP

$JD Shop made in china online and retail try the climbMarketmiracle advisor today gave an input signal for a LONG position in the title $JD The company is basically an online and retail big store widely spread and known throughout China. Through its online store it is also trying to target abroad by providing the portal in various languages. I checked on some of my reference sites the situation and position of analysts according to which the company currently has a discounted price compared to the fair price. Considering this I wanted then deepen the graph in search of a possible confirmation for the signal realizing that the title has suffered a powerful retracement from its recent historical highs and that now, in front of excellent macro data has quickly bent towards the ascent. According to the combination of the two analyses above I expect a confirmation of the signal of Marketmiracle but you know, in the market the devil can always put his finger on it. This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
NASDAQ:JDLong
by MarketMiracleAdvisor
1
SHOP:Head & Shoulders (with a bearish flag on the shorter term)Id initiate a short/bearish position if it breaks that support (black) come next week, the stocks trading at an ATH, Zacks says it has an insane trailing-twelve-months P/E of 277.63X, comapred to the industry's 30x. The head and shoulders is a red flag, and a bearish flag can be drawn easily, with the line to the right shoulder from the head being the flagpole. A death cross just occured too (the 25 day MA slid under the 100 day MA). While I dont usually use MACD, it slid under the signal line too. So many bearish flags.. Tell me what you think, like to spread the message, itd mean a lot :) AMA and Ill def respond
NYSE:SHOPShort
by ReedusFeleedus
3
SHOP Pre-Earnings SelloffSimilar action has been seen in shop since July with selling before earnings which presumptively can be accredited to profit taking. The only exception would be February where there was a huge run up in price before the report, a flop in earnings created a large selloff. With board members stepping down, there is some uncertainty around SHOP and the looming earnings report makes for a lot more suspense. Current price action would suggest that under 1076 is discount pricing, though that is subject to change if there is sub par reporting next Friday. Month over month shows only a 1% increase in shares short (now 1,800,000) making up only 1.6% of the shares outstanding. To add to that, a P/C ratio of .57 would suggest that the outlook is more bullish.
NYSE:SHOP
by crawfordpaul
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.
NYSE:SHOP
by crawfordpaul
2