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Shopify Inc (US) (Extended Hours)Shopify Inc (US) (Extended Hours)Shopify Inc (US) (Extended Hours)

Shopify Inc (US) (Extended Hours)

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SHOP trade ideas

$SHOP Either March 21 or the Ides of March$SHOP is another pandemic darling that has fallen on rough times lately. However, even during the rise big swings in price are observed. In that sense $SHOP longs better hope that this is March 21 again in which it fell from $1500 to $1000 then made a new high. The macro environment of perceived higher rates won't help. Neither does the fact that the March 21 drop was back into consolidation. The last stops before $1100s and $1000s should have decent amounts of support. Best case it's a chance to consolidate then reverse. Worst case these are the last stops before the March 20 highs.
NYSE:SHOPShort
by Coureur_de_bois
Head and ShouldersPossible Targets listed in orange below structure. The first target was 926.15 and this has surpassed that. This could stop falling if market turns around so targets are only "possible" targets down. Price has crossed below neckline with a confirmed downtrend. Possible stop above neckline or where you see resistance. No recommendation. A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close, not exact, in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. This pattern can have more than one Head and more than 2 shoulders nd is then called a complicated H&S. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. A head-and-shoulders takes place on a chart (on any time frame), when a stock (for example) rises in an uptrend to a new high. Strong volume lifts the price action to the peak of what results in the top of the left shoulder. Next, the pullback takes place and the left shoulder is complete. The pullback is a reflection of mass psychology when latecomers jump into the game during this pullback pushing the security higher and the top of the Head forms. The stock tumbles down to the prior support area formed by the completion of the left shoulder. The Head and left shoulder are now completely formed. At this area, known as the neckline (of the finished pattern), a small group of hopeful buyers pushes the price up again. This time, however, the optimism is fading and price moves up only to the top of the left shoulder, if that high. Volume dissipates and the price rolls over, forming the top of the right shoulder. The neckline is support as price has tested this area before. The pattern is not valid until the neckline is clearly broken with a downtrend. In come cases, especially in a very bullish market, this can be a very long time and the pattern may fail as price goes on to make new highs. This pattern does best in a bear market. The Inverse Head and Shoulders, or H&S Bottom which is simply the Head & Shoulders pattern flipped over, does best in a bull market.
NYSE:SHOPShort
by lauralea
4
Shopify Taking a Tumble? Shopify - Short Term - We look to Sell at 1266 (stop at 1328) A bearish Head and Shoulders has formed. Neckline resistance 1300. There is no indication that the selloff is coming to an end. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1300, resulting in improved risk/reward. Our profit targets will be 1023 and 895 Resistance: 1200 / 1300 / 1400 Support: 1100 / 1000 / 900 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:SHOPShort
by Saxo
1
Shopify Analysis 06.01.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
NYSE:SHOP
by basictradingtv
12
SHOP GOOD IDEA BUY I am a consultant for anyone who needs a consultant, I see that SHOP will GO UP IN THIS NEXT DAYS 1, When you decide to use my ideas in your trading, please contact me to inform you of some things and monitor the position together without specifying a take profit or stop loss, we will decide when to open and close the position 2 (When I set the take profit and stop loss in a number that does not mean that the price will reach it, I gave a buy or sell signal only according to the analyzes I made in the chart and delete it later, in the order to share it with you so that you have a clear picture and read it clearly, thank you!) 3, we can work together and try me for one or two weeks to decide to work with you and give you signals about buying or selling
NYSE:SHOPLong
by soufianchiekh
SPOT: Three Drives distribution patternThis monthly perspective chart of Shopify (Shop) illustrates a stock in which supply is gradually overpowering demand. • Three drives to a high (X1-X3) is a common pattern (and one of my favorites). It often marks the end of a trend. ○ Each successive thrust in the pattern covers less ground. This occurs as sellers (supply) become more willing than buyers (demand). ○ The three drives pattern is fractal, in other words, the pattern can appear in all time frames. • The Relative Strength Indicator (RSI) developed a series of lower highs, even as price managed a series of higher highs. This momentum divergence confirms that bullish momentum (driven by demand) became less intense on each successive thrust. • Finally, the MACD is rolling onto a monthly sell as momentum stalls and reverses. • Now price is pounding/testing the strong support zone derived from internal pivots and the most recent low. There are other clues that all is not right in SHOP. For instance, large bearish reversal bars at each of the successive highs suggest strong handed willing sellers have been actively distributing supply into each rally. Its likely that the same sellers will continue operating. Its also likely that weak hands who purchased during the distribution phase will be forced to liquidate if the market begins to make progress below the pivot support. In future posts we will discuss how one might use simple patterns like this to develop trading and risk management plans and how to integrate information from shorter, more tradable time frames into the analysis. Good Trading: Stewart Taylor, CMT Chartered Market Technician Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
NYSE:SHOPEducation
by CMT_Association
5