$SHOP Shopify On Mondays Shopping List Potential long entry on Monday id stock can break above the downtrend. $1000 a key level to regain for Bulls. Main target short term to $1025 to the POC (redline) Indicators very bullish and reversing.Longby BullishchartsPublished 1128
One of my favorite swings.Sell near 1000, buy back at 900. Rinse & repeat.Longby LextradingPublished 2
$SHOP on WatchlistAs you can see on this chart $SHOP has been in a consolidation / trading range for some time now. It is near the bottom of that range and it may be a decent trade over $937.00 back to the top of the range. I have an alert there and if the market is good and $SHOP has some volume on that rise I'll be looking for a logical entry with a tight stop and target to the top of that range. All TBD. Ideas, not investing / trading advice.Longby jaxdogUpdated 4
SHOP Long1) Price rebound at support zone 2) Bullish divergence 3) Higher Low formed, pending Higher High formation 4) MACD golden cross, pending Daily golden cross 5) Long squeeze 6) Falling WedgeLongby JoeyTribbiani105Updated 115
SHOP Is Becoming Unstable - Minervini DissectionThose of you who have been following me for a while now know that one of, if not my absolute favorite piece of trading literature is "How To Trade Like A Stock Market Wizard" by Mark Minervini. The book is an incredible tool for finding super-performing stocks, dissecting them, and understanding how the most common stock models used by institutions are structurally deficient at pricing them accurately. I thought I would take the opportunity today to dissect one of the most prominent superperformers of the last two years - SHOP (Shopify), and explain why this stock is headed for lower prices in the coming year(s). If you're unfamiliar with the book, essentially Mark argues that there are a select number of extremely high growth stocks that, when targeted and traded properly, can yield unmatched returns. Here is a bit about his process: Traits of Superperformers 90% of superperformance stocks began their phenomenal price surges as the general market came out of a correction or bear market - In the case of SHOP, the huge slowdown in early 2016. Superperformance phase occurs during the first 10 years after the stock’s IPO. Stock is a small-cap or mid-cap that hits a period of accelerated growth. Stock has a relatively small total market cap and amount of shares outstanding - Yup! Low float count and relatively unknown name back in 2017. Majority had periods of outperformance in terms of fundamentals as well as technical action before they made their biggest gains. Many traded at more than 30 or 40x earnings before they experienced their largest advance - Can't buy a Ferrari for the price of a Kia. Key to Making Big Money in Stocks The key to making big money in stocks is to align supporting fundamentals with constructive price action during a healthy overall market environment - 2017 as healthy as it gets. You want all the forces behind you: fundamental, technical, and market tone. What matters is what big institutions think, because they are the ones that can move a stock’s price dramatically. Therefore, it’s your job to find the companies that institutions perceive as valuable - hard to model growth in standard DFC / DDM / CAPM modeling, assuming growth rates and periods is pure guesswork and beats = massive outperformance. Fundamentals Drive the Stages of Stock Price Movement From a fundamental perspective, the cause almost always was linked to earnings: from lackluster performance to upside surprise and accelerating growth, eventually followed by decelerating growth and then disappointment. These underlying fundamental changes drive big institutional players into and out of stocks. Five Key Elements Trend: Price in definite uptrend Fundamentals: Improvement in earnings, revenues, margins Catalyst: Hot-selling product, approval by FDA, new CEO, new contract, etc. Entry Points: Enter at a low-risk entry point Exit Points: Establish stop loss points. Pass the Trend Template filter Filtered by earnings, sales, margin growth, relative strength, and price volatility Scrutinize for similarities to a Leadership Profile to determine whether they are in line with fundamental and technical factors exhibited by past superperformers. Manual review, considering Reported earnings and sales Earnings and sales surprise history EPS growth and acceleration Revenue growth and acceleration Company-issued guidance Revision of analysts’ earnings estimates Profit margins When looking at stocks in this light, it's easy to see how everything came together for SHOP, an incredibly high growth, young, market leader with good margins and price action. All it required was the ignition from stage 1 - where the groundwork is laid - to stage 2 - where the stock goes parabolic. What we have now is a great example of a superperformer stock that's finally made it into stage 3, the distribution phase, where expectations for continued gains in fundamentals diminish, and the stock gets rapidly re-priced to reflect that - almost always resulting in a price correction. Another way to think about it is buying the hype cycle early and selling at the peak before it finally comes back to reality, which can take some time. Right now, we are finally distributing without new and convincing highs - the end is neigh. I really like how SHOP fits the superperformer mold to the T, looking extremely similar to all of the charts in the book. Well worth a read, and stay clear of buying SHOP at these prices!! CheersShortby PropNotesUpdated 222224
SHOPNot sure if a true IHS but looks interesting to me especially at it sits close to good resistance ... and lower section of the daily Bollinger Band.. by ericandsPublished 0
Shop Bullish 920 > 1000 on PLsSHOP Today's Date 11/18/20 3:11pm Long TLDR: Wait for bounce down on 786 fib, buy at PL 920, ride up to below 1000$ and sell at this psych line. Reason: PL $920.00 is strong from May. Multiple rejections on 4hr. Shop has broken the 1000$ mark before, but it's hovering just below that mark. Don't ride up to all time high, set a tight stop gap and ride to 1000$. Longby jwjustinwatkinsPublished 111
trading zones shop as of 11/15/2020Just some zones to buy and sell shop stock. not much to it other than what you see hereby infamouskickerPublished 0
Shopify Short SetupNice H&S here on SHOP. Watching for a break below the neckline in yellow... Could see a pretty good retracement given the huge run-up SHOP has had this year with relatively little volatility.Shortby tyler_simPublished 0
Played thru the targets.... what a thing of BeautyI am not in this but it appears to have a quick abc very bullish id expect a higher high comingLongby savenidoPublished 1
SHOP Continuation BreakdownSHOP has broken below its support of $900. Its still suspect to the rotation out of 'Stay at Home' stocks. I expect another day of selling until the 840 area where it will find support again.Shortby BBTrader29Published 0
BUY 960C SHOP DEC 4 With festival season coming SHOP looks a buy at this dip..... Can try 960C DEC 4 STOP LOSS AT 880Longby STOCKBROS_95Published 0
Buy Signal: 905.28#shop Real-Time Algorithmic Trading Signals. Stay curious by IngenuityTradingPublished 0
Approaching 838 Support and H&SShopify approaching supporting area ~838-839 and making Head and Should pattern. It should hold that neckline area. by fqalogtraderPublished 0
$SHOP posted positive earnings with a Bullish outlook$SHOP posted good earnings with the PEAD projecting a bullish outlook for the stock, Price is currently trading between the lower boundary and the median line. 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 2
SHOP inside daily candleset your alerts from todays high and low on SHOP for tomorrow. if it breaks either with volume, i'll be throwing down til it hits my target to whichever side it broke. by kojak14Published 0
SHOP: SHOPIFY...UPSIDE POTENTIALWATCH price ACTION carefully ... ALT: RED-TRACK...25% Chance DIP down before going UPby wolffarchitecturePublished 3
SHOP: Double TopDouble Top Pros: Descending volume during formation PPS below 50MA RS descending and below 0 R/R ratio above 5 Cons: 250RSI above 50 200MA ascending ATR ascending PPS still above 200MA If confirmed: PT = 652.58$Shortby LeLafPublished 0
Technical Analysis for SHOP TSX 30th October 2020Entry point would be 1290 to 1297, BB is pretty much squeezed, seems like a good point of entry, if it breaks down further would wait until 1225-1240 the next level to enter. Watch how it behaves in the morning. Good stock for day trade and swing trade.Shortby sadeelzaidiPublished 1
Retrospective analysiscomparison of where i thought the top would be initially to where the current top seems to be. Timing off by several monthsShortby MysteriousPersianPublished 113
SHOP earnings 10/29 price target $1200SHOP earnings are on 10/29 pre market. I expect it to fly past it’s 52 week high of $1146.91 and hit $1200 by the afternoon. Good luck and happy trading friends...Longby Options360Updated 221