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 trade ideas
$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 .
SHOP Year-End Price TargetA 33% rise from current levels puts SHOP at a $300 billion market cap (at that level, the stock price would be approximately $2190).
I wouldn’t be surprised to see that sometime next year.
$1850 is the projected upper limit for week of 12/20/21 for a 2%, ytd linear regression plot, shown on chart.
I’m curious to hear peoples’ price targets for Dec 2021 or Jan 2022.
Don't misunderstand, I'm bullish SHOP. But I believe it might currently be priced for perfection.
Also, I think this comment/ chart needs a "shelf life", as my view will definitely be different 4 to 8 weeks from now, as more information is known.
SHOPApproaching limits of sigma 2 channel on 4hr and into ER, has potential to capture new price to upside based on recent quant reports. I would watch for post ER downside as in previous 2 quarters. Let's see.
$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.
SHOP Bearish for this week The shark patter matches the fib retracement and confluence with trend line and VWAP BAnd on 1550 level. We all know it is going there . The rest of the moves I hope will catch as well. I have been short for some time now because did not bother to make my homework I hope others will benefit at that point . Shop IS Crazy so be patient and quick !!!
$SHOP Breakout On The HourlyShopify, Inc NYSE:SHOP has formed a bullish rectangle on the hourly chart. Today shares broke the resistance level of this rectangle, which indicates buying pressure and a potential large move to the upside. Good Luck!
$SHOP to $1621.17SHOP has been a monster. over $1569.12 and i'm looking at $1585.66 followed by $1610.45 overall move would be to $1621.17
Cup and handle on 4hI am still long shop.
Great company.
I think this will move up before we see it come down again. I would wait for nor for those of you looking for lt entry.
SHOPWeekly "Cup and Handle" on SHOP. Could see higher levels after it establishes in this value area for a little while more. Reiterations of higher price target to 1700 from Barclays alongside strong fundamentals have touted SHOP as an undervalued company for its price. Let's see!
SHOP possible multibaggerHere we have a personal favorite of mine in SHOP. SHOP has been on a huge bull run since mid May and has showed signs of being overbought but there are signs of strength at these levels and it has led me to believe there may be gas left in the tank. A move as high as 1600 is possible on a break and hold of 1523. Upside to at least 1510 seems likely this coming week with the MACD heading towards a bullish convergence and the 5 day MA looking to cross over the 10 day MA.
Would reccomend sticking to day trades at these levels, also be wary of high IV
TRADE IDEAS:
CALLS:
Entry: Break and hold over 1500
Contract: SHOP 7/16 1540c
PT: 1510, 1517, 1523, 1534, 1550
Lotto PT: 1586, 1600, 1610
Stop Loss: Break and hold under 1493
Not financial advice
