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Shopify

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
NYSE:SHOPLong
by F_Investments
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
NYSE:SHOP
by IngenuityTrading
BIGC looking like itll have another $30 rally soonLooking at the Day Chart you can see that its pretty clear that BIGC might retouch the $70 level Once it does that i do think that well bounce off that AS LONG AS THE MACD TURNS DIRECTION You can also see that the last time we had the Mom indicator at these levels it was the start of the bull reversal that took us straight to $108 The Accelerator Oscillator indicator is also showing signs of bullish movements which in turn is showing the bear trend weakening A solid buy would be right now or waiting a couple day to see if BIGC goes down to the $70 level If MACD switches sides we are looking at another rally to $108 as well as other tech following So far i have noticed that BIGC is a leading indicator of other Tech Earnings will also be a good indication of the direction
NASDAQ:BIGCLong
by mandujanotony31