Shopify found support at previous resistanceShopify found support at previous resistance I expect a bounce from here
Shopify
SHOP 4H BreakoutSHOP setting up for nice breakout on 4H, Entry above $1215 PT $1280. Stop below 4H trendline
Shop on the move! Squeeze and S Triangle on the Day.We had a Squeeze on the week and are about to have a Squeeze on the Day both with Momentum above zero :) . We are coming to the end of the S Triangle and with that are going to come new highs. The next couple weeks should be interesting.... GL!
BTW... I own SHOP, AAPL, ENPH, TSLA, and of course SPCE (Goldmine!) All are on the move and I recommend all of these. Other that SPCE who's profits will surge later this year all of these have high Revenue and Net Profit Margins.
Others I follow and buy or swing time to time MKTX, QCOM, SNE, TTD, NIO, CRWD, DDOG, SQ, IRBT, MA, V, GS, JPM and of course AMZN.. and many more
Shopify, Inc. (#SHOP) - First target @ $ 980NYSE:SHOP
Technical Analysis: Shopify, Inc - SHOP
💡Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems
#SHOP has been one of the stocks that benefited the most from the Covid 19 crisis: in March 2020 the price was at $ 350.
Since July 2020 the stock has enter in a consolidation channel between $ 900 and $ 1,100.
📈 From a technical perspective, the stock has been posting lower highs since the beginning of October and it is now consolidating on the lower side of the channel.
The MACD is approaching a reversal and with the RSI at 42 the stock has room for a potential upside.
We exclude for the moment an H&S pattern and we identify to target prices: the first one at the 50MA and the second one on the higher end of the channel
Buy price $ 914
First target $ 980 (+7.19%)
Second target $ 1,080 (+18.13%)
Stop loss $ 820 (- 10.31%)
Follow up for Premium members
www.otbglobalinvestments.com
SHOP Potential Bounce SHOP has been selling off the past few days on low volume. Should push higher if it can hold 1130
SHOP - on the back-way to the "pre-earning" support line. NYSE:SHOP is going back to the support line before jumping to the sky after an earning report
target is 930
the entry point is 1090
stop-loss 1130
good luck to every one
Shopify Strong Support Long & Possible Continuation Play
SHOP Daily timeframe seems to be testing top of previous range which is a strong support
Volume dropped until last hour
Bullish divergence on hourly RSI
Bullish volume spike last hour of the day (highest hour volume of the day)
My target is previous resistance range
This Is Not Finacial Advise
Only clear skies ahead?Our range play has turned into a full continuation phase to the upside. We couldn't have predicted this strong of a bounce it has even outperformed AMZN. I could list a series of "fundamental stories" for why it has had a great run but when you trade with a model you don't have any. As long as shop holds above its previous range state and the net up vs down volume stays positive we will continue to hold.
$SHOP breaking out and held its backtest$SHOP has been ranging for a few months now. It has finally broken out and held its backtest.
It's Holiday Season, Go SHOP !!!SHOP has consolidated properly in last few months. It's time it will move up very soon very fast!!!
First Target 1200
Final target 1450
Stop price 1020
Shop is breaking out again! may test 1107SHOP is breaking out nice again...We may test 1107 but SHOP has to get through 1093 first. Then next big speed stop is 1134..my one concern is Volume is below the 90 day average...will see
SHOP/Shopify RANGE TrendAs you can see the price is on its high level of the range trend, I have shown you two possible ways of the movement and we have to be prepared for both.
SHOP to test 1108 soonShopify is flying after breaking through it's symmetrical triangle the other day and also because of the 21% increase in online sales(highest ever) on Black Friday. SHOP looks to have resistance at 1058 and 1108 but with this momentum looks to break through 1058 soon. With this time of consolidation this may be the breakout moment much higher......
Trade Update: Move stop to breakevenIngenuity Trading Model- Swing Trading Algorithm used in all markets- stocks, forex, futures, and crypto
The model is a Geometric Markov Model :
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For more information visit our website and check out our previous signals
trading zones shop as of 11/15/2020Just some zones to buy and sell shop stock. not much to it other than what you see here
BUY 960C SHOP DEC 4 With festival season coming SHOP looks a buy at this dip..... Can try 960C DEC 4 STOP LOSS AT 880
