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SHOPIFY INC CEDEAR EACH 107 REPR 1 COMSHOPIFY INC CEDEAR EACH 107 REPR 1 COMSHOPIFY INC CEDEAR EACH 107 REPR 1 COM

SHOPIFY INC CEDEAR EACH 107 REPR 1 COM

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SHOP trade ideas

SHOPIFY - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. WEEKLY: Left Chart SHOP is approaching a demand zone so we will be looking for buy setups on lower timeframes. H4: Right Chart SHOP is forming a channel in red but it is not valid yet. So we will be waiting for a third swing to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that third swing high to form then buy after a momentum candle close above it. (gray area) Meanwhile, until the buy is activated, SHOP can still trade lower inside the demand or even breaks it downward. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NYSE:SHOPLong
by TheSignalyst
2
SHOPing for holders - until $150WHY I'M STILL BEARISH Shopify still trading at 85x earnings - hugely overvalued Next support 50% away at $150 Stick model (white dotted lines) yet to be crossed to the upside, with air below Approaching recent lows from May 13 of $306, lower highs not yet in RSI still showing weakness in red bear-zone and further sell side possible going into June Moving average still shows very much in bear market, and a lot of time must pass before it can reset and reclaim to be in a bull market Insufficient history of corrections and therefore bottom of channel unlikely to provide support REASONS TO BE BULLISH Just had a 10% drawdown in a day and huge sales already Decent uplift in volume of late, although still expecting more in a capitulation event At bottom of exponential channel, typically in the buy-zone in market corrections Eventually a countermove will come, but that may not be forthcoming for another month or two SUMMARY Overall I would steer clear from this shipwreck. I had been expecting a bounce of late for Shopify but until this stock breaks the white dotted stick-model and betters it's recent volume, it's best to remain on the sidelines. I would say that shorting from here is high-risk, low-reward. There isn't enough history, with SHOP being listed well clear of the GFC to rely-upon it holding the purple channel. That said, still expecting a further 50% capitulation from these levels.
NYSE:SHOPShort
by DigiDavid
SHOPIFY Bottom PotentialAn upward channel can be drawn from a strong trend line point on SHOPIFY It provides a chart like this, showing a clear top, and also a potential bottom that aligns with the 4.618 fib An attempted support can be seen to have formed at 2.618 (yellow) This leaves 4.618 as a bottom point, which has also been seen as a bottom in the past (green) Two bullish chart patterns can be seen on chart along with one bearish Ascending and Descending wedge both acting bullishly Followed by a Double top, considered a bearish pattern
NYSE:SHOP
by Bixley
2
Swing Play into Stock SplitThis is very risky given market conditions and recent price action in Shopify. This stock has gotten completely beaten recently, maybe its just the Canadian curse. We are in a bearish market so this can easily be wiped out by tomorrow. Please be careful. Now i dont recommend trading during these conditiona but i have been accumulating this stock for the long term but i do believe a possible swing trade is presenting itself. Shop looks to be breaking out of falling wedge but so far only peaking. Bullish rsi divergence. I think people will want this stock back at 1000$ before the split in july. Price was declining on smaller volume but we need it to pick up to really have a nice move up. I would wait for retest or confirmation before entry, use tight stop losses i suggest ~360 ish. SMA 50 and 200 acting as major resistance. For shorter term PTs: 486, 540, 600. DYOR.
NYSE:SHOP
by AngD1899
3
SHOP Support reached. Ready for a reversal soon.Shopify has a plan to dominate and they're not just reaching entrepreneurs and small sized businesses these days. They're gunning for large retailers and they're making ground. Especially with web developers salaries increasing and a shortage in experienced devs around the world. Junior devs are desperate for a start but lack the understanding to not be a burden on companies to train. Shopify provides the option to save businesses from this problem in a society where shopping online becomes more frequent and an important tool to reach more and more consumers.
NYSE:SHOPLong
by arbee3000
SHOPIFY-SHORT TERM BULLISH SCENARIOQ1 miss and forecast for a lower revenue growth led to new selloffs and a 15% day drop for Shopify. The Canadian company lost more than 80 % from its peak in November 2021. $300 is a key level for Shopify if a breakout occurs drop to $180 will be inevitable. On the other hand, the $300 level may be a good positioning opportunity for a short-term bullish scenario to the $ 400 resistance. 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