SHOP
SHOP Earnings Tomorrow!With a previous 7.40% intraday surge, after the previous earnings announcement and an earnings bet of +0.13 Cent per share compared to the Wall Street consensus, we can expect SHOP to similarly behave this time around and are slightly bullish, as the company continues to grow and is on an overall uptrend. However we position ourselves neutral, as the company's stock is up by 129.69% (YTD) this year already. We expect the stock so bounce anywhere between from 293 to 342. The hype remains, growth prospects are there, but valuation is unreasonably rich at these levels.
SHOP Short SHOP - Shopify has become a little ridiculous. Pick your spots where it seems overly exuberant like yesterday. I purchased put options. Good luck.
Good 5% return buy on Shopify Shopify has shown a consistent upward trend above the 180 day EMA. RSI is oversold and has reached support. Wait for confirmation with higher highs and higher lows for a potential 5% return on Shopify this week.
SHOPIFY be carefulPrice seem a little to high for me and I expect a topping effect and possible pull back. Set your stops!
SHOP Trending Upwards, BROKE AND established SUPPORTThe trend should continue based on the technical analysis performed. Catalyst thus far are positive which drive the stock's price upwards. The next level of resistance is @ $326 .
Short SHOPFor the past year, SHOP has been nothing but sharp impulsive move up, followed by consolidation until recently where we had our first sharp move down. It looks as if bull run could be over. Other indicators looking bearish as well, RSI, etc.
SHOP - Mean Reversion in Short Order?Monthly looking parabolic. Check out the last two candles on the daily. Shooting star indicates possible trend reversal.
Alex Vieira Shopify Has More Upside Than Tesla Shares Gain 2000%Shopify share price tripled compared to Tesla confirming accurate technical analysis Strong Buy since IPO $20
short SHOP going into earningsCurrently Looking at July 19 Aug 19 call options.
IDEA: FED JUN 19th hold rates + China snubs Trump at G20 on 29th.
SHOP longTicker : SHOP
Entry : 140 to 147 ishh
Stop Loss : 116 Ishh for now
Profit Range : 200 +
Holding period : 4 to 6 Months or May be 12 Months
$SHOP Shopify Topping Out - Correction Upcoming$SHOP Shopify Topping Out - Correction Upcoming
- Rising wedge pattern on daily - Bearish
- Volume & MFI divergence vs Price entire month of May - Bearish
- Price/Sales Ratio now over 25x (all time high for SHOP) vs most other top growth SaaS companies in mid-teens - Bearish
See chart for near and medium term targets.
For a possible options trade , I'm looking at buying the June 21st $260/$240 vertical put spread. Currently costing about $300 per contract with total possible profit of $1,700 or more than a 5x return. Definitely high risk as this stock has been propped up for several months now with no major draw downs, but I think it might be time.
Note: Informational, not investment advice.
Going Short SHOP This one has had a good run. It looks like it has rolled over. I have my money on a pullback to $253-$255 (20 Day SMA) level at the very least.
Happy hunting. SHOP
Irrational Exuberance: How do we short this beast?We're way beyond reasonable valuation at this point. What we have here is a bubble that's gotten out of hand. See $TLRY's momentous run up last year, what goes up must come down. But how and when?
$SHOP is a pure momentum stock that people keep buying out of FOMO, it only just over 8 Million shares, which means it will move on you...FAST. THIS IS NOT FOR THE FAINT OF HEART, only use what you're prepared to lose.
Solution #1 : Purchase a Bear Put Spread. Buy 280, sell 250...or whatever width you desire. MAKE SURE this is far dated, July or August at least. What this will do is let you make money IF SHOP CONTINUES TO RISE, you're short put will lose theta and you can collect premium by buying it back cheaper. Once you're short put value has gone to nothing....the inevitable crash should plow right through your now naked long put. Giving you a nice payout. Cannot stress the importance of buying enough time here.
Solution #2 : Wait until its next consolidation and keep your eye on the pivot points (like the ones I highlighted). The reversals that have been happening have ignited massive short squeezes sending this higher every time. Usually the stock will break support intraday and chill there for a bit until it decides it's not having it and reverses. This is the stock telling you "I'm still not ready to collapse yet".
Wait for a CONFIRMED move to the downside. Allow it to close below the pivot and watch for follow-through the next day.
The way premiums are priced on this right now I would say Spreads are the way to go, but this is up to you.
Good luck out there.
Short opportunity: SHOPMassive run appears to be topping out. Zacks just rated them as "bear of the day" because "they just don’t make very much money." Overextended after nearly 80% run in the last 4 months. Stock is not HTB
Short around 214
Target 1: 208.87 --- 2.48%
Target 2: 198.61 --- 7.3%
Target 3: 184.15 --- 13.8%
Target 4: 170.22 --- 20.55%
$SHOP, time to sell? $SHOP SHOPIFYSo i'm running +50% on this one. Nearing a big trendline, 1.618 fib and the steam maybe over for some days/weeks.
A correction to 210 should be in play i think
Buy Shopify?The Megalodon indicator speaks for itself on this chart!
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