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SHOP

SHOPIFY-SHORT TERM BULLISH SCENARIOQ1 miss and forecast for a lower revenue growth led to new selloffs and a 15% day drop for Shopify. The Canadian company lost more than 80 % from its peak in November 2021. $300 is a key level for Shopify if a breakout occurs drop to $180 will be inevitable. On the other hand, the $300 level may be a good positioning opportunity for a short-term bullish scenario to the $ 400 resistance. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:SHOPLong
by legacyFXofficial
Shopify (NYSE: $SHOP): Insane 77%+ Pull Back In Effect!⚡Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.
NYSE:SHOPLong
by Bullishcharts
4
SHOP Earnings Miss | Slowest Revenue Growth in Seven YearsIf you haven`t sold SHOP at $945: Then you should know that Shopify said adjusted earnings for Q1 came in at 20 cents per share per share VS a profit of $2.01 per share over the same period last year and VS a consensus forecast of 77 cents per share. Gross merchandise volumes rose 16% to $43.2 billion VS Street forecasts of a $45.4 billion. The stock is closer to our $350-400 buy range now. Looking forward to read your opinion about it.
NYSE:SHOPShort
by TopgOptions
2
$SHOP Short Opportunity$SHOP $537 level to watch to get shorts out of their positions and puke it up. Monthly VWAP has been acting as real resistance with some flattening occuring signaling some strong buying/covering here as volume and OBV also checks out here. Still a daily bear flag, but this is a similar fractal pattern as you will see on all timeframes from 1 minute up to daily/weekly, sometimes what looks to be easy shorting turns into a short squeeze that only serves to knock you out and flip your bias as short term as it maybe.
NYSE:SHOPShort
by Todoubled23
SHOP ready to reverse?SHOP is showing an interesting setup. Previous support now acting as resistance ($450). This is also a strong psychological level. If we break and hold above $450 there is room to $510 Trade idea: Entry price: $450 (Break and hold above) *Always wait for confirmation* Targets: $472.50 , $490 and $510 Option Strike: 510c 5/6 (Currently trading at $10.80) Stop Loss: $405.00 Disclaimer: This is not a trading advice nor a buy/sell signal. This is for educational purposes only. Trade at your own risk
NYSE:SHOPLong
by TheBullandBearLounge
SHOP: BOUNCE ZONESHOP (Shopify) has dropped 70% since November 2021. Yes we can drop more. However I like the risk reward ratio here as the price is now sitting on a trend line (in green) connecting the lows of Nov 2019, March 2020 and March 2022. The weekly RSI is slightly oversold and we're starting to see a bullish divergence . Bonds are bouncing already, which could support a bounce in growth stocks . I'm a buyer at this level for a possible bounce to 640. I can cut my position quickly and without too much damage if I'm wrong. If we drop more, the next levels are between 437 and 413... Trade safe.
NYSE:SHOPLong
by Elpidaldo
2
Was the SHOP sell-off predictable?Of course it was! It reached both of my price targets: And now i think it will go even lower. My experience as a seller on 2 Shopify stores was terrible in the past 4 months. I had a decrease in sales of more than 60%. My friends with on-line store had the same experience. So if the merchants don`t make money, neither do Shopify. It`s hard to believe they will come up with a good quarter. My buy area is lower than $400. Looking forward to read your opinion about it.
NYSE:SHOPShort
by TopgOptions
2
Absolutely Wild Sell Off For Shopify (NYSE: $SHOP)! 🛍️Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.
NYSE:SHOPLong
by RedHotStocks
1
$SHOP 30m and D linked**$SHOP** This one looks a little tricky but my heart and mind are calling it against the algo flow... Algos have $SHOP going long. I think the bull flag failed after the gap down and created bear flag with a green bar where everyone is getting caught up in. You can have a green bear flag. Then there is a head and shoulders inside the flag. I think we will rise just not yet. I have $SHOP breaking down to 690s tomorrow then I have it going further downside into the right shoulder of an inverse head and shoulders. IMO we break to 690s tomorrow then we dip into the inverse head and shoulders bounce to retest the neckline then drop into the right inverse shoulder at 581-561. Then we start to rise out of that and head for the 800-900s.
NYSE:SHOPShort
by Riskitpaid
11
$SHOP Key Levels, Analysis, & Targets REQUEST$SHOP Key Levels, Analysis, & Targets So shop has been obviously selling off pretty hard since December. I would expect to see some choppy price action between 530 and 840. The MacD on the weekly doesn’t really support a huge up move from here just yet… I would expect to see a while of consolidation before any directional move... I would keep an eye on the Daily and the Weekly macD. The daily looks like it’s getting rejected from crossing up so I’d be looking down to the 530 level. If that level holds then I would start to add a little bit… If not, there’s not a whole lot of support until you get to around 305. 305 is actually also the covid low. Also keep an eye on the 2019 top @ 404… this is an important level to hold. The only places I would buy are the support levels in green… and they also become sell levels on the way up… I hope this helps… sorry I felt a little bit rambly here… IF you don’t have a position I would personally wait… but if you do use the levels in green to add and bring your average down. I’m not in ANY way suggesting we get that low, but these are the key levels to stick too no matter what happens… Also, this is in logarithmic mode... By Request for @janatztxx
NYSE:SHOP
by SPYder_QQQueen_Trading
3
Growth Capped by the 50 Day Moving Average These are 6 randomly selected growth stocks that have been hammered and just rejected off the 50 day moving average yesterday. Watch for the downside trend to continue in these stocks until they're able to at least breach the 50dma. The question is do these stocks make higher lows (if the downward trend continues) or lower lows? IMO if you are a trend follower, you should avoid any stocks on the long side if they look like this (unless you're trying to day trade a bounce).
NASDAQ:PYPL
by Lanmar
4
SHOP (1D) - Dead Cat bounce coming ? Hi Traders, its alredy some time since my previous Bearish analysis for Fintech and high Growth companies. Seems like we got first impulse on 1D chart. RSI is positively COnverging. What could mean a retrace after huge DIP for many stocks around (MINUS) 50 to 90% from ATH. Yes, this will be probably quick / sharp retrace, most of the retail will get in too late just on top of Wave B. Be prepared and always use stop-loss. Stay safe (sane) and enjoy the ride ;) Previous idea for SHOPIFY
NYSE:SHOPLong
by Longevity_Contrarian
5
SHOPIFY - BULLISH SCENARIOShopify Inc. is preparing for a test of the first major resistance level located at $710. Successful breakout will push the price to the 2nd resistance at $800. On the other hand, if the attempt is not successful, we may witness a retest of the $520 support. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:SHOPLong
by legacyFXofficial
SHOP, Lots of long and short opportunities ! We keep it on watchSHOP is beautifully offering lots of long and short opportunities ! Are we prepared in advance ? Of course we are. SHOP has started new motive rally from 1005.14 on 26 Mar 2021 and so far has completed wave (1), wave 1, 2,3 and probably wave 4 of (3) and now is probably completing wave 5 of (3) which will terminate at two proposed strong resistances which are 1641 and 1710. After completing this up going wave, there will be a short opportunity to catch wave (4) down to 1405 , 1333 and 1260 corresponding to 0.382, 0.5 and 0.618 Fibonacci levels respectively.After that, another and last up going wave (5) will start. After making a new ATH , there will be a great short chance down to prices below 1000. Who wants to miss the chance? Please note that, this is the most probable scenario for now. Should it need any update, it will be done later. We are prepared in advance to make profit. We trade smartly and objectively. We see the chances but never jump into the trade blindly. Right?
NYSE:SHOP
by SaeedSajedi
24