Get started

SHOP

Shopify $SHOP nearing pivot pointThe e-commerce giant is been behaving very well since its first breakout from the $1,290 resistance. Now is working its way to make a new ATH with higher lows and respecting its $1,500 support. To confirm the buy zone between $1,650 and $1,730, the MACD is making a buy signal with a bullish crossover. Also the relative strength of NYSE:SHOP against AMEX:ARKF is really good, it needs to breakout from the peanant patern it formed to be even better. I'd like to add that the IBD RS rating is 83, that means that its performance is in the top 83% of all stocks over the past year. So, there are two ways to play this. One would be just to wait for the breakout from the $1,650 resistance or, to buy 1/2 of the position today and add the rest when that breakout happens. The bad thing for the second approach is that the buying volume for today is not that great. So, I'll wait for the closing price to see if its really worth to be agressive.
NYSE:SHOPLong
by dpuleo19
$AAPL $CRWD $PTON $SHOP I OptionsSwing WatchlistAAPL 1D I Seeing unusual activity betting on a break from ATH with earnings coming. Price target is near $155, but the RSI is already showing a bearish divergence. CRWD 1D I Last week we picked up unusual activity betting on the $280 and $300 strike on CRWD. We expect CRWD to break the trend line and head to $300 before ER. PTON 1D I Seeing a possible inverse H&S on PTON. With the Delta variant causing more lock downs we can expect covid stocks to inch higher. SHOP 1H I SHOP calls above $1,450 gave a 12% or $200 move last week. With earnings coming we don't expect a big move on SHOP as it was already made last week.
NYSE:SHOPLong
by optionsswing
$AAPL $ABNB $MSFT $SHOP I OptionsSwing WatchlistAAPL 1D I After catching the break to the upside on AAPL, it seems a bit overextended. Our price target is near $155, the RSI is already showing a bearish divergence. ABNB 1D I Expecting a run up into earnings on 08/12. $130 has to hold or it could flush. Watching for a possible reversal with volume around this area. MSFT 1D I MSFT has been trading within a channel since the end of 2020. A bearish divergence is present and a pullback is expected soon. SHOP 1H I Watching above $1,450 for calls, and below $1,425 for puts. Risky plays as it leads into earnings. We are seeing a possible bull flag or descending H&S.
NASDAQ:ABNB
by optionsswing
Upwork $UPWK is trying to follow through NASDAQ:UPWK is in a clear uptrend and last week made a good breakout from a large base in which I took a position. On the last 10 trading days, the tech stock has 5 days up and 5 days down. Is a little unclear for me if it can hold gains so, my stop is at breakeven. I have a price target of $62.18, but if it continues to move up strong enough I'll sell have my position and hold the other half. This stock has strong revenue growth and very good relative strength against it sector. NASDAQ:GIGE is an ETF concentrated in global companies that directly participate in revenue generation from “gig economy” such as: web-based stores, auction sites and app-based platforms. Some of its holdings are NYSE:SHOP , NYSE:TWTR , NASDAQ:TWOU , among others.
NASDAQ:UPWKLong
by dpuleo19