Trendspotter Swing on the Daily, WOWHi Guys,
Just a few alerts set for TS in the daily. See the results for yourself.
Enjoy,
Enda
SHOP
Shopify Short SetupNice H&S here on SHOP. Watching for a break below the neckline in yellow... Could see a pretty good retracement given the huge run-up SHOP has had this year with relatively little volatility.
Approaching 838 Support and H&SShopify approaching supporting area ~838-839 and making Head and Should pattern. It should hold that neckline area.
SHOP inside daily candleset your alerts from todays high and low on SHOP for tomorrow. if it breaks either with volume, i'll be throwing down til it hits my target to whichever side it broke.
FB/SHOP Sympathy playPartner for e-commerce looks ready to break downtrend with some positive news. Took a while to digest the move from 78 to 162 on the announcement.
SHOP TSX : Technical Analysis - 21 Oct 2020Based on daily time frame : Shop is currently in its down trend seeking its support levels S1 : 1270 and S2 : 1200. RSI is also depicting a downtrend. Anticipated buying range could be in the range of 1270 - 1290. If it breaks S1 at 1270 next buying area will be around 1180 -1200. Since earning date is near on 29 Oct, it is likely that the share price may go up after touching S1 level. Based on the historical trends shop's share price tend to go up a day before its earning date and is very short lived. Take your decisions accordingly for a short term gain.
SHOP Shopify breakout ? LongSHOP looks like it could be ready for another leg up. Smaller ascending triangle up around closing 1072... and potential downtrend break after hours. Watch the 1073 breakout area and up to 1100 as overhead resistance--1040's closest support. If rejected-- that's a play in itself but am hoping to see a breakout on this one.
SHOP looks broken! Target 200 day MA ~~ 700?SHOP has been acting very poorly over the past couple weeks and broke down further today. Failure to hold this level ~~ 880 open the door all the way down to the 200 day MA around 700.
$SHOP Tests Key Range Support as Thematic Engine Faces Key TestSHOP is one where you really have to ask yourself, "is this bull over?" Because, that's the implications of this pattern, one way or the other.
The larger bull market is about this stock, in many ways. It's about the gig economy, and SHOP is the most dramatic manifestation of that idea -- with hundreds of billions of dollars from DC in the PPP program flowing straight to folks in this niche as well.
But our short has been up by about $100. And we would put our stop at $1000 and let it play out from here.
Shopify: hourly reversal Hello traders,
Looking at the hourly chart for shop, we are starting to see hourly reversal as indicated by RSI and MACD bullish divergence.
I am expecting shop to test hourly 50MA in next few trading sessions. Bitcoin is starting to move upward and most likely tech sector will follow as DXY goes down.
Happy trading!
