WHO COULD HAVE FORESEEN THE BEAR FLAGWell, I did. I closed my long when it didnt break out and went short. This name is in a supply zone. It may be prudent to watch another bounce here and set a buy on shares at the support below, Shopify is going nowhere regardless of COVID. Limit order on shares set. Speculative put credit 1000/1050 4/16 @17.7. This will be closed if this flushes below 1050 on strength. Longby AlphaJiPublished 222
Uptrend We see #SHOP at the bottom of the channel trade and we just began an uptrend channel. Using the Fibonacci retracement, we can see the support and resistance line that can end two different take profits. Will also add that ER is May 04 and #SHOP will starts exploding two weeks earlier. PT 1 : 1200 USD PT 2 : 1280 - 1300 USD DAYS BEFORE ER, #SHOP SHOULD BE AT ALL TIME HIGH PRICE.Longby HozzeiniPublished 119
SHOP/Shopify Shopify chart usually tends to be in a neutral range for a while, it has been breaking the trend upward, If it wont be a fake breakout, it will rise, which I have two profit points for that and don't forget to manage your trade.Longby AmirGhadiriPublished 552
$SHOP 30 day sma vs the volume shelf...Where do we end this week? $1,250 or $1,020, we'll be moving soon...by UnknownUnicorn3924154Published 0
Areas of Supports and Resistance for $SHOPBullish long term for this company. I see it as next AMZN for online shopping. I see a big shift in influencers and other small businesses using Shopify instead of Amazon for their products. Longby ShaggyyyzPublished 0
Time to go shopping with Shopify? $1100 critical buy zone RBS(resistance base support) zone price action with Shopify this price target has been a high area of interest for traders around $1100 a share dating back to late oct 2020 two previous failure attempts in January to go lower this could be a great buying opportunity Longby raidenfxPublished 4
Shopify - sentiment will changeNote the movement in early Feb (plus $400 or 37% in 7 trading days) Then the market sold it on (1) earnings, (2) secondary offering, and (3) a reallocation to value Disclosure: I'm biased growth and $NDX and $SHOP among others. Longby goledgerPublished 0
SHOP🌦Pattern recognized: Running flat Elliot Correction Wave. Thesis: Bullish sentiment. Conclusion: Lower degree correction on the 5 min, look for upside. My strategy: MEWT (MODIFIED ELLIOT WAVE THEORY). ***This does not constitute financial advice.***Longby MoneymakeroPublished 0
$SHOP has me interested...Has some nice room to the 30 day...flier on a $1,200 call, with a $1,110-$1,090 put in case it goes the wrong way..$1,050 risk, needs almost 4% downside to cover, needs 6% by end of week to the upside to cover, looking for a solid move either direction by UnknownUnicorn3924154Published 1
SHOP - Free get out of jail cardI am seeing 2 triangle wedge possibilities to get back on our path. Either one is very positive. There are Buy calls on the 2h - 4h. I think the Day call is not far away. GL and lock and load!Longby sid72Updated 1
Shop could be a mover soonShop could really get moving here into the end of the week. Eyes on and hoping it is meh until tomorrow afternoonLongby dafster17Published 223
$SHOP dailyLove how $SHOP held 1145 level today and rallied above 50 ema into close. This should test 1170 tomorrow and if it breaks above that, 1200 coming this week. 1200 weekly calls can work.by ICOPTIONSTRADINGPublished 3
$SHOP DAILYI love how $SHOP held 1145 today and closed above the 20 ema. This should test 1170 tomorrow, and if it breaks above that, it will go over 1200 this week. 1200 weekly strike calls could work. Longby ICOPTIONSTRADINGPublished 1
On watch for reversalVery nice reversal pattern setting up here. Keep it on watchby Option_TradersPublished 332
Shopify - note volume bars at $1127 to $1306Might face more selling pressure, but could make a run towards $1300. Either move seems plausible to me (but I favor the move up). Note the three plateaus in the recent sell off, and the 2 volume shelves at $1306 and $1127. Shopify has been under pressure for 4 weeks now. And was facing strong selling pressure during the first hour this morning (Friday 3/12). But almost closed green for the day (green shoots of spring?). Remember this company recently reported almost $3 billion in revenue in 2020, a topline growth in excess of 80%. Disclosure (I'm long Sep 1100 calls, and a handful of shares).Longby goledgerPublished 0
Shopify - it has been painfulMomentum shifted into reverse and $HOP can't catch a bid. But I'm not going to chase value stocks. Bought September $1100 calls and some more shares this week.Longby goledgerUpdated 0
SHOP consolidation at the lows, supply zone, targets 1200+ SHOP consolidation at the lows, supply zone, targets 1200+ 1200/1220 3/19 1230/1250 3/19 1275/1280 3/19 lottos fd 1120/1130 1165/1170 Longby AlphaJiPublished 2
SHOP on watchI like SHOP long if it can take out Fridays high. Price has pull back to re-test the long term range. It also flushed down to the 618 and bounced strongly. Targets on a break of Friday's high would be be the fib retracements. Will require support from the NAS.by WadeYendallUpdated 5513