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SHOP

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
Shopping at GAPs..!These days, your stocks create big gaps (usually down side) after earnings! Some People think this could be a good opportunity to enter a long position. but Is it really good to do that? My simple answer to this question is: No Why? Look at these examples in the past few months: FB: DOCU: PYPL: F: ZM: PINS: WISH: UPST: BABA: I hope you are convinced by now..! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:SHOPEducation
by Moshkelgosha
5
TSLA, Dilemma of Previous wave is the key for future move !Recognizing Wave relationships is a key step in decision making and adjusting expectations from the market. TSLA, always shows some interesting aspect of wave relationships. Do we have a large degree completed wave cycle and inside a major correction which makes TSLA crash to unbelievable targets? Or we are experiencing a less amount of correction and will see new ATH before such a crash? Answering to those questions needs going back and see what has happened in previous correction which began at former ATH 900.40 USD . Before taking a closer look to that correction lets see what we have for TSLA in Weekly chart. Weekly chart which has been shown on lefts side suggest that TSLA's move from end of last correction dating back to 5 Mar 2021 or 19 May 2021 is onset of intermediate degree wave (5). If completed, this wave makes a primary degree wave 1 completed and calls for a major fall ! Is that a case? Is intermediate wave (5) and primary degree wave 1 completed? To answer this question wee need to take a closer look on daily chart and investigate previous correction and wave forms in more details. Daily chart on the right side suggest two possible scenarios : First and the best case one : Intermediate wave (4) correction has ended on 5th Mar 2021 at 539.49 USD. In this case 780.79 high on 14th Apr 2021 can be labeled as minor degree wave 1 (Terminal wave 1 which is not usual in Classic Elliott waves) , Low at 546.98 on 19th May 2021 can be labeled as wave 2 and ATH to be top of wave 3 . In this scenario , we are in minor degree wave 4 which showed flat correction so far ( which is well matched with SPX and NDX 100 flat correction scenarios, See related idea for NDX 100 ). For this scenario to be valid , we need a strong bounce back to new ATH from 770-813 Support zone . If happens, I can strongly recommend you to close your long positions at new ATH or go short since there will be a major crash just like what happened to ETSY , SQ , SHOP in stock market or SOLANA in Crypto ( See related ideas ). This scenario was pre-requisite of my publication titled " Elliott waves, Possibility VS Certainty ". Second and worst case scenario : Intermediate wave (4) correction has ended on 19th may 2021 at 546.98 USD with truncated wave C . A truncated wave C does not go below the low of wave A and this may be the case for TSLA's wave (4). If so, Intermediate wave (5) and primary degree wave 1 have already been completed and we are inside wave 3 of primary degree wave 2 which means TESLA may crash to strange prices !. To me, Both are valid with the best case one to be the most probable. If 770-813 support can not protect the stock I will think about second most probable scenario ( which is worst case) more seriously and seek for taking a SHORT position in appropriate time. For now I have my eyes on the mentioned support zone. This analysis shows clearly that decision making in stock market is never an easy task. Hope this to be useful for you. Good luck.
NASDAQ:TSLA
by SaeedSajedi
51
SHOP: Is it a good idea to BUY the DIP?Hello traders and investors! Let’s see how SHOP is doing today! It is crashing after earnings, but is it now a good time to buy? After all, “buy when there’s blood in the streets”, right? Personally, I always like to buy the dips, never the tops, however, as I like to say, there’s a right way of doing it – and there’s a wrong way. The charts can help us a lot here. Yes, SHOP dropped from $ 1,700s to $ 700s, and it seems nothing can help it. This week, we filled a gap at $ 765, from June 2020, and this is interesting. Remember: Gaps work as magnets. This gap could become a very good support level for SHOP, however, we must always wait for confirmation. So far, there’s not a single bullish reversal sign, and as far as I know, it still could drop more, to the next support at $ 683, so caution is advised. What could be a bullish reversal pattern? Any bullish candlestick pattern in the weekly chart, like a Bullish Engulfing, Piercing Line, etc. Alternatively, a bullish chart pattern in the daily chart, like an Inverted Head and Shoulders, a Bullish Pivot Point, Double Bottom, etc. Let’s never buy something because it dropped too much, because it is near support levels, or it “looks oversold”. Let’s use technical analysis in our favor, as we can enhance the odds in our favor, and do the proper risk management using charts. Either way, we must wait for more signs, but SHOP is a good stock to add to our watch list. I’ll keep you guys updated, so remember to follow me to not miss any of my future analyses.
NYSE:SHOP
by Nathan_The_Finance_Hydra
SHOP Shopify First Price Target Reached On Feb 3rd i was writing this article saying that the price targets after the Feb 16th earnings are $715 and $531: At that time, the price was $929. i know it seemed ridiculous. But today the fist price target was reached and i have closed 50% of my position. The Slowing Growth Outlook was the main catalyst for the selloff: "There is caution around inflation and consumer spend near term, for the full year.”, Shopify officials said, adding: "full year revenue growth will be lower than the 57% increase in 2021." My price target for this year is $531. Looking forward to read your opinion about it.
NYSE:SHOPShort
by TopgOptions
1