$SHOP looking for opportunities...SHOP hasn't participated today as much as some, this one is looking pretty nice. I haven't tracked it enough lately to try anything real, but liking a chance for a SHOP type move soon
SHOP trade ideas
SHOP at or close to 1500-1510 can be considered for shortsIf you have long positions in SHOP, consider hedging your position with puts for the near term. We can have a nasty pull back with squeezes and weekly is still too extended from the mean. A reversion to mean on SHOP would translate to 1378 as the first price target and we would still be in the long term bullish cycle.
SHOP - Diamond Top 3-3-5 CorrectionBearish Diamond Top forecast and projection. Looking to complete ABC correction.
$SHOP .. diamond or trading range box ?Pick your side ...
Is it diamond top or .. just trading ranges ?
Momentum broke down the trendlineMomentum broke down the trendline before price breaks, momentum breakdown setup
Shopify - Needs to dropify to the $1,300!-Earnings are forecast to decline by an average of 10.4% per year for the next 3 years.
-High level of non-cash earnings
-Significant insider selling over the past 3 months
-Shareholders have been diluted in the past year
SHOP - 1000 to 1100 PTBearish C wave here and looking for 5 waves down towards Volume demand level (1,000) or 100% retracement level of Wave B (1,000). Would give yourself some time around December/January 1300/1400 Puts to be safe.
Goodluck
Short term rise coming upWilliams indicates oversold. There is still some room for movement upwards. This could be an opportunity for a quick one week turnaround for profit
Short term rise coming upWilliams indicate oversold. There is still room to movement upwards. Buy now for a quick one week turnaround profit
Short term rise coming upWilliams indicate oversold. There is still some movement upwards. Buy now for a quick one week turnaround for quick profit
Short term rise coming upThere is still some short term movement to the upside. Williams is at oversold position and if you want to pick up a quick profit. This is the time. Short term hold only
SHOP 1y1dSHOP Discount !
Basic SHOP dip after ERs. Trading in channel.
Dip and rip above 1552.
Price Targets:
Bulls(Price above 1552) /Bears(Price below 1552):
PT1- 1575 / 1530
PT2-1585 / 1500
PT3-1600+ / 1475-
SHOP 1:3.8 risk reward setup | SwingFrom my 2h chart analysis of SHOP, i think its a good time to buy it for a swing trade as its price is moving near support level with approx 1:3 risk reward setup.
$SHOP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SHOP after a Negative Under reaction following its earnings release placing the stock in drift D
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$SHOP Breaking Resistance?Looks to me that SHOP is breaking an important resistance area here. I've started a small position as I'm looking for this to test the recent highs. I'll look to add and build this out if it can continue to follow thru. All TBD. Ideas, not investing / trading advice.
SHOP headed higher by when?Just a few comments:
I have a price target north of $1800 by early first quarter next year (SHOP might get there sooner, say Dec 2021)
There is a significant volume node around yesterday's close $1538 (using daily Heikin Ashi chart). And a larger node near the Pivot point P, at $1470.
The extended ytd linear regression line runs through $1470 in early September.
I won't be surprised to see the price trajectory continue on a parabolic up curve, or to suddenly show a "reversion to the mean".
Near-term, for trading purposes, I'm bullish $1470 or lower, and defensive above $1550. Long-term I'm bullish.
I currently have a defensive bias based on broader market levels. Also, I was overly bullish (and exposed) during the February and March sell-off in SHOP.
SHOPIFY $300 Drop IncomingPrice target of $1200 is predicted as this chart is creating a very nice topping formation.
Short the bounces baby.
SHOP Retest completedSHOP broke the ATH and then sold off coming into earnings. It is down following earning but has just retested the breakout point. I like it long above the green box here with 1500 as a key level. Above 1500 = bullish. Below = bearish. Targets would be a retest of the 1.27ext and then the 1.618ext. Best to wait until after the Fed meeting for entry.
SHOP: Break of the global maximum upwards.The resistance level is broken upwards. In the long term, the price may rise to around 2000.
Entry SHOP@ $1,600 Target@ $5,000 Jan 2, 2023 Value GrowthShopify, Inc (E-Commerce)
Entry SHOP@ $1,600 Target@ $5,000 Jan 2, 2023
Entry SHOP@ $1,400 Target@ $5,000 Jan 2, 2023
Entry SHOP@ $1,100 Target@ $5,000 Jan 2, 2023
Technical Analysis Conditions:
1. Break-out of Channel $1,500
2. Pull-back Towards $1,000
3. Ideal Entry @ $1,000 to $1,600
4. Target @ $5,000 to $7,500
5. Increasing Profitability
Fundamental Assets Descriptions:
Fully Hosted, Cloud-Based Solutions. Grow your Business with Shopify. Unlimited 24/7 Support.
100+ Professional Themes. Shop Pay at Checkout. Secure Shopping Cart. Fraud Prevention.
Mobile Commerce Ready. SEO Optimized. Full Blogging Platform.
The platform commerce is built on. More than a million of the world's most successful brands trust Shopify to sell,
ship and process payments anywhere.
Company Website: www.shopify.com
SHOP SHORTShop reached long time trend line resistance and it confluence with start of elliot wave corrective waves IMO . It may try to go thru on mONDAY , BUT SOON WILL FAIL !!! It will find support at 1587 - 0.23 fib level and then down to 1550 level then go back up d3pends on QQQ moment or go down to 1500 and under level anyway you must consider BTC waiting move up as well .
