Shopify - Reasons to add to my portfolio Nothing better than a bear market if you wanna make life changing profit.
I have been following Shopify since May 2021. Clarified where I will begin to buy.
40CAD and 23CAD were 2 of them.
Went long at 40 and will add at 23 if it keeps dropping.
40 was 2019 support
23 is 2018 resistance
My target is between 100-150
I am a long term investor and has alot of patience. Therefore, short time moves dont interest me.
In time, I created my own ETF by adding stocks which came to my point of interest and very happy with it.
Some are in profit some are not for now. My focus is total profit and will always be.
None of my comments are investment advise and are for my personal journal.
SHOPD trade ideas
Way oversold, not too late to enter! TSX:SHOP is looking excellent for further upside. As inflation continues to drop, expectations for rising rates will also continue to drop. This is bullish for high growth stocks like SHOP. We are now above a key level (200 Day SMA), which often is the beginning of a technical bull market. Although I started my position a month ago, this stock is still tremendously oversold on the longer term charts and still has a lot of long-term potential for growth. I believe it's one of the most unfairly treated stocks this year by far on the TSX. The risk/reward looks favourable over the coming weeks and months, and the downside risk is now much lower than when inflation was continuing to climb every month.
Shopify... Fill Your Cart ??Short term trade suggestion on Shopify (SHOP) on the TSX Exchange.
Confluence of a Harmonic pattern and a Pitchfork (secondary bounce off of the outer channel.)
Nasdaq showing signs of a short term bottom. This is key !
$410 -$414 would be my preferred entry level on a point D retest.
Don't be greedy. Use a tight stop.
Do your own due diligence and respect overall market sentiment.
S.
SHOP is highly undervalued at this pointShop just hit its long term support and has similar RSI levels as March 2020 (Covid flash crash). IMO SHOP is highly undervalued and has been consolidating around the 17000-1900 range. Next leg up should take it to $3000 and then finally the 5th wave could propel us to around $4200 in the next 6 months. Going long with full force. Not financial advice!
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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.