LONG SHOPIt's a bulltard market, seems like the only way we get reversal on tech is for a proper Elliott wave popLongby khaoz346Updated 332
$SHOP kicking myself....Had this on the radar as an AMZN follow on play...missed it, but this could still run more...by UnknownUnicorn3924154Published 554
Bought SHOP today off 20smaKeep it on watch if it closes strong will have a big day tomorrow and into next weekLongby Option_TradersUpdated 444
Shop is looking bullish with it's recent partnership with AFRMLong on SHOP, very bullish. Waiting for theCup and Handle BreakoutLongby tongyong1986Published 5
SHOP Bull FlagSHOP bull flag on the daily, recent minor taper off on low declining volume - expecting SHOP to break out soon. Liking the premiums a lot, eyeing the 1235/1232.5 put credit spread for an easy 15 risk to 235 reward. Longby Samirp01Published 336
Shop Short itDouble top on daily. Couldn't even make back to the top of its channel. Broke out of downtrend(Whiteline) and is currently sitting on top of it. A fall below 1210 would signify a drop back below downtrend and a trip back to channel bottomShortby ContraryTraderPublished 112
Confirmation of Bullish Uptrend A few days ago I had posted my 1st ever idea and I feel I could have explained in much greater detail while providing better supporting evidence. I lacked conviction in my last post and im 80% confident now in my analysis (If youre 100% its clouded or you just a liar). So getting to it the 1st green arrow far left is the last time it traded up to its ath and theres some very key details that i think need to be noted here. "no mans land" SOLID BLACK LINE HORIZONTAL CHANNEL BELOW MOST RELEVANT SUPPORT as i call it has great historical significance price action was noticeably stronger on the strong move up while rejections/downtrends saw gap holes and no established value. The purple box is what i percieve to be establishment of Mr. No Mans worth and also confirmation that his land is worth something now (excuse the goofy shit buts its how my mind makes this easily retainable) the green box that follows is the 1st and earliest pre confirmation of whats to come. As of now that bottom edge of consolidation is holding and doing so above values that had most recently got that rejection hotline. In an amendment to my 1st idea i went on to conclude that i see it sitting on its previous most generally accepted trend upwards too which i have added and additional line creating what i believe to be bottom end consolidatioin channel where SHOP gets gassed up before taking off like a bloody piss missle. I would go on to offer explanation but im lazy tired and gotta go work in a few hours but ill say this much...take the above concept and reapply where it fits the narrative of the trend and it becomes fairly clear imo INDICATORS ARE USEFUL HOWEVER I FEEL MY MIND IS MORE USEFUL I KNOW I CAN TRUST IT AND IVE HAD THIS SAME CHART NOW FOR MONTHS...ITS COUNTER INTUITIUVE BUT IM THAT LAZY I DONT WANNA KEEP USING THE DAMN INDICATOR MAKE IT ONCE AND ADD ONLY WHEN THE FUTURE DEMANDS SO I LOOKED AT THAT PINE THING AND I SEE A BIG BILLBOARD "DISTRACTION" WE DONT MAKE TOOLS TO READ A BOOK WE LEARN TO READ THE TOOL IS JUST AN ILLUSION OF KNOWLEDGE shop pop top chop shorts boutta get that lop chopby Heena-MockenUpdated 225
$SHOP - Same Chart, different viewSame chart, but more bars and showing upper and lower bounds of 1% standard deviation, year-to-date. Longby goledgerPublished 0
$SHOP more than just a COVID phenomenaGreat run from low of $1025 on May 13th. Don’t think this run is over, but $SHOP appears to be finding resistance at $1245 level. Expecting more upside, but might be range bound between P and R1 pivots, near-term. P= 1180, R1= 1290, approximately. Pivots shown on this graph are Traditional, Weekly pivots. Dashed line = 100 day linear regression. Also note correlation between 2021 movements (from peak and trough) with Williams %R below main chart. Longby goledgerPublished 111
SHOP has returned to its previous upside trend trajectory1st thing id like to acknowledge is I will not use built in functions or indicators (MA's 20,50,200 only exceptions) as I believe they are only here to distract us from our own thought. This is by no means a declaration of "to the moon" or any specific price action range/value. what i am saying is that ive seen a few people very confident in their short analysis as its "all they see". In fact SHOP clearly just broke out of down side period of trading which can be seen in "trend channels" i created to track it. Confirmations are present for every channel crossing to the upside as well as overall breakout confirmation of the downtrend itself as it passes out the channels. if you wanna dig a little deeper you can see a clear change of bar movement the last 2/3 of down the channels. AlL I sEe Is rather weak gap bounce movement turn into a consistent and group consensus form as the gaps diminish telling me that upward sentiment (at that time was in charge) and it shall be noted most current bars sit on the upside of the line which also happens to be...you guessed it the general overall trajectory of shops market value (this line is what i consider to be the mean of trajectory as it can be proven making duplicates on same angle both above & below but im lazy and simple so i prefer my personal mean method. lastly has anyone noticed current volume rates and OI on the 6/18 $1400 strike calls? Most of accrued data took place during larger upward movement however crediting the short theory i can also arrive at those are sell to open...anyone have any useful insight into this. Thank You They will all fall Longby Heena-MockenPublished 771
Going down then back up. Short nowGoing down first for profit taking then long after thatShortby cannukvillePublished 442
5/19 SHOP(1) think I posted this before either here or discord (2) still close to the demand zone, good entry zone to be patience with by Tom_the_MoonPublished 0
SHOP - Key Level of SupportShopify needs to hold the Key Level of Support at 1080 otherwise it gonna fall to 927, 799, 633by msy1774Published 222
Long position in SHOPshop looks good here for a long term entry. Consolidating for a while so i think it will move up soon. Took a dip off good earnings but i except the money and volume to come back soon Needs to break 1.4k for confirmation of bullish activity. Rsi and 20 ma hint at a possible reversal. A great e commerce pick for the future. Longby AngD1899Published 1
SHOP bounce already from the channel support - SHOP bounce already from the channel support - Earning Date MAY,16 expect big move coming next 2 weeks GOOD LUCK by PetergalabyPublished 113
SHOP could head to $690Do your own research, this is not financial advice. I see a potential "Complex head and shoulders" top pattern forming in SHOPify. If it breaks the neckline it will confirm. Potential targets are outlined where a bounce has a high chance.Shortby dagenn99Published 111
$SHOP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SHOP after a Positive over reaction following its earnings release placing the stock in drift B If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.Longby EPSMomentumPublished 1