Dropping volume on the second top signaling declineNYSE:SHOP is forming the second top with declining volume. If it failed to close above previous top, then it’s on the way of drop.
Shopify (SHOP): Revolutionizing E-Commerce SolutionsShopify Inc. (SHOP) is a leading e-commerce platform that empowers businesses of all sizes to create and manage their online stores. From entrepreneurs starting out to large enterprises, Shopify provides tools for building websites, processing payments, and managing inventory. The company’s growth i
SHOP Go Long! Will it break out this time?Recently SHOP has retraced and held the 50% Fib level and has been trading within a channel where it is about at the mid point of it. The King Trading Momentum Strategy yesterday issued a buy signal. This strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as meas
$SHOP - Waiting would be appropriateNYSE:SHOP This is a difficult one. One could say it is flagging. The cup and handle measured move is around $128.
With earnings release (ER) around the corner, it can go either way.
The ideal entry would be on a neckline check back around $88. 👀
As always, I share my opinions and trades. I'm not
$SHOP Shopify Inc Fib GP test All-time High Fib GP test
All-time High Downtrend Test
Levels of interest as per chart.
Build Your Position: Consider Going LONG on Shopify Next Week
- Key Insights: Shopify is well-positioned to benefit from the ongoing positive
retail sentiment and an expected boost from the holiday shopping season.
Analysts suggest that the stock might be oversold, with a potential rebound
anticipated as user adoption and retention grow. Forthcoming ear
Shopify Inc | SHOP & AIShopify stock has seen sideways momentum for the last few weeks despite posting good results in the recent quarter. One of the reasons is the bull run in early 2023 due to which the stock has seen over 60% jump in year-to-date. Shopify has been able to reignite revenue growth in the last few quarter
Will Santa deliver, or will the buck ram it down?CAPITALCOM:SHOP delivered a strong earnings report recently, key points being:
- Strong revenue growth of 26% YoY
- Improved free cash flow margin, up to 19% from 16%
- Operating income more than doubled YoY
On the flip side:
- High operational spending
- Increase in loan and transaction losses, in
$shopgoing long NYSE:SHOP , good r/r and support area here, so i will try to go long, keep it simpel
Shopify: Strong Growth Ahead, Targets Set for Next WeekRecent Performance: Shopify has recently demonstrated a remarkable upswing,
with a nearly 25% increase following impressive third-quarter results. This
performance, marked by exceeding market expectations, signals optimistic
sentiment and highlights Shopify's pivotal role in the evolving e-com
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