SHOP trade ideas
SHOP: Triple top, or likely +500 soon!Super clear here... if you don’t have the Shop app to track your packages, try it out! I’m going heavy on Shop in 2021 if markets can keep pushing... very strong setup upon breakout. Although a quick dip prior to next jump is possible with market wide correction, this may also get forced higher at the same time.
SHOPIFY - SHOP - Weird Iron ButterflySHOPIFY - SHOP - Weird Trade Idea
I put on a Iron Butterfly with the short legs @ $1000.
What do you think about this trade?
Yay? Nay?
Personally, I put on this trade because the risk/reward was pretty good and it was based on technical analysis.
Artistic look"Breaking through the resistance with a strong candle means 100% confirmation of the trade.
A price channel that the price took before the model
A price channel that the price will take after the pattern
The end of the triangle model, which is a continuation model
SHOP - Following in SPOT’s footstepsSHOP has been consolidating like crazy on the weekly chart, setting up for an explosive breakout. Setting an alert near the 1110-1120 levels for a massive breakout play. This has the potential to hit 1300+ on breakout of the weekly flag. Don’t miss this one!
SHOP - December 12, 2020SHOP is set to dominate the global ecommerce space and will benefit drastically from the recent pandemic. Had a nice selloff last week, looking for another dip shortly and take a long opportunity.
SHOP setting up for a good long term holdGood pull back after testing all time highs. Wait for it to fall below 1000 for the best price or start scaling in today for long term. Sp 830.
Shopify Short Daily D Extension achieved and B boundary has been formed. Once a breakout of consolidation occurs, looking for a short opportunity to at least the 38.2 possibly 61.8 retracement level before a continuation to the upside.
1500 Magnet on SHOP?Just finished a really nice trade on SHOP into 886 posted on Nov 27th. Its now time to starting thinking about a break of this 4.5 month range.
If price can breakout from this box the upside is huge. First targets would be the extensions then the measured move to 1450.
The market still seems to love large whole numbers so who knows...maybe 1500. Needs to break the box cleanly on volume first. This will be the 4th test of this level so its best to be patient as it can easily fall back into the range. See previous post.
Great Breakthrough setupGreat Breakthrough setup
I think shopify has a great potential and is well known already. In addition, the chart is showing my favorite chart pattern of a breakthrough scenario. A really nice and long side-trend and it looks like this time it can get through. This gives a nice risk/reward setup of 9 ! This can lead to a 50% increase in some month.
That’s my opinion and should be treated like it. No trade advice!
Bull flag right at breakoutAlerted shares at 935, watch for a bigger move higher, if market holds up this should see $1500 soon
$SHOP seems to be setting up nicely for a double bottom breakout$SHOP is nicely creeping up to the previous highs, less than average volume. Crossing $1120 on high volume could be a positive sign.
SHOP Breakout 6th testSHOP has been consolidating for the past several months creating a flag type consolidation. Within the flag it has formed a triple bottom. Now that it has tested resistance for nearly the 6th time, i believe we will see a breakout the size of about the range that it has been consolidating in (which is about 100 points), so i expect a breakout to 1200 range.
Shop is breaking out again! may test 1107SHOP is breaking out nice again...We may test 1107 but SHOP has to get through 1093 first. Then next big speed stop is 1134..my one concern is Volume is below the 90 day average...will see
SHOP handleSHOP has formed a nice little handle here presenting nice R/R. Im in from a little bit lower when I found a little entry. The stop is wide, but if we break higher, I may add to the position and raise the stop. Will be stalking.
