Shopify sinking..!if SHOP has lost 50% of its value in 42 days, do not be surprised if it lost another 30% from current prices in less than 1 month!
Best,
Moshkelgosha
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SHOP
TechaverseThe probability of a tech recovery is increasing. The sky isn't falling yet and inflation is going to be assumed to be peaking. Plus the end of the pandemic is in sight. Sentiment might start to shift soon. There are risks, as there always are, but they can be delayed much longer than expected and aren't much different than usual. Here are some names I am interested in at these levels
Adobe
Amazon
Shopify
Google
Metabook
SHOP POTENTIAL BOTTOM BLUE SKIES AHEADThere is a wolfe wave setup on the 4 hour time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 1500 and above which is expected to reach this price target within 1 to 2 weeks.
Shopify Analysis 06.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
11/15-11/19 watchlist #3 $SHOP $1650, $1620 BOUNCE
Price targets: $1675, $1700
Technical Analysis: All-time high breakout & momentum bounce
News Catalyst: "In a week of whipsaw or negative action in many highflying stocks, Shopify stock made a powerful move Friday, clearing a trend line break in huge volume, offering an early entry in the morning and ultimately clearing the 1,650 Buy point" - Investor's Business Daily
Shopify Analysis 27.10.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
A quick analysis of SHOP, what can we see? Today we will take a quick look at the SHOP chart.
What we can see here is:
a) Ascending Channel, the price was rejected from the lower trendline.
b) ABC corrective pattern (apparently finished).
c) Support/Resistance zone (we want to see the price above that level, to think in bullish opportunities).
Based on all those items, if the price reaches our green horizontal line, we will consider that to activate the bullish view towards the targets we have defined using fibo extensions.
Our invalidation level will be below "C" either the analysis is executed or not.
Thanks for reading!
$SHOPShopify stock has made long-term investors a boatload of money.
If you would have been able to buy shares of the e-commerce subscription platform at its 2015 IPO price, you'd be sitting on gains of nearly 9,000%!
In this short period, the company has risen to become the largest Canadian company by market capitalization with a valuation approaching $200 billion.
Still, the company has its work cut out for it to earn "four-comma status" by 2025.
In the second quarter, Shopify did so by beating analyst expectations on the top line by reporting total revenue growth of 57% and its first $1 billion quarter. However, the numbers are even better than they initially appear when broken down by segment.
Shopify's smaller revenue source is subscription services, the fees it charges sellers, or "merchants," to use its tools. The second is merchant services, which consists of the revenue Shopify earns from those merchants in the form of add-on services like payment processing and transaction fees.
In the year-ago quarter, merchant services grew faster than subscription revenue, which makes sense when you consider the pandemic increased the demand for online shopping. This year's growth was led by subscription services, which was boosted by more merchants beginning to use Shopify's e-commerce platform and existing merchants buying higher-priced subscription bundles.
When we take a look at the technical side of things Shopify looks incredible on the higher timeframes.
Looking at the weekly chart we are currently sitting at long term support and this might be something you might want to keep your eyes on going into next weeks trading sessions.
If price is able to hold these levels we could see Shopify continue it way up.
When we move down to the daily chart for indicators we have;
MACD curling
RSI breaking above 50.
Watchlist this.