SHOP trade ideas
$SHOP - ACTIVE BEARISH HEAD AND SHOULDERS TOPThis is just what the charts are telling me so I would like to see what you all think too.
Monster move in the making?Hmmmmmm definitely keep on watch maybe we get a similar move to this pulled all the way back to $1340 and closed the day at $1428. Would be a monster play to get a $1400c at the low. We could also play it down to it. Depending what pm looks like I’ll probably be in the $1300p. Channel on the daily is around $1370 could definitely catch support there if not follow fibs and dynamic supports/resistance down
$SHOP study only...If we do end up in a bear market, or just simply a slow pull back. These tech stocks that have been flying high could see some significant downside. I really like $SHOP, but with out new buying the downside levels could be $100's lower. Will keep watching and update.
Flopaifycome back at $1k~ it's not time to go shopping yet, Bounces up off here will end up being a bull trap don't fall for it.
$SHOP I don't want to but...If we can't hold $1,500, it might be time to look at a short spread a few weeks out to see if we pull back more into the end of the year.
Shopify Can do 2 things 1,800 or 1200 Go up or down lol.
Yellow lines - Weekly Channel
Purple line - Split channel
White lines Minor channel
Last 2.days shop has reclaimed its 50 and 100sma and today stop short of reclaiming its 21EMA.
Long over 1540 with 1800 channel top target
Short below 50sma which aligns with that split around 1483. your target would be channel bottom around 1200.
so between 1483 and 1540 I wouldn't go near this . wait for direction
$SHOP clean break to the upside...Shot right through the VWAP, looks solid for a continued move up but could be consolidation along the way. No position still, will wait for a better set up options pricing wise.
$SHOP needs to confirm tomorrow...Looking good here, when this runs it runs hard. But with the recent volatility, I would prefer a confirmation day before looking for call spreads. I'll watch and chart for now.
$SHOP right to the VWAP...What a chart, I love the stock only need the market to hold. Might be a decent lotto for tomorrow to try on this one...
SHOP - $1500 Incoming (SHORT)If the market continues to pull back a SHOP looks to be pulling back to the next support level of $1500 and could then fall to $1435. Now some look at this as a stay at home play so if the market bounces it can push back up to ATH
Short-term pressure / Long-term up trendShort-term (next few weeks) could see downward pressure from the overall market move.
Look for support at 1189 and/or the lower part of the channel for a bounce before moving higher.
Trading in a bullish uptrend channel
SHOP looking bullish soonSHOP looking bullish soon imo
gonna watch it and enter if looking all good
Just my opinion not financial advise
$SHOP - move isnt done yetWe are likely seeing a deep 4 here - I expect a rally to finish off this week - then another big drop next week - then grab your ticket because moon here we come
SHOP on watchBroke out to ATHs. Looking for continuation. Play can be made on a break of last week's high or on a pull back into the tan box. Targets are the fib extensions above. If price falls back below the tan box the play is dead.
Shop At a crossroads Got rejected today at the split (Yellow resistance)... A break over resistance and 2000 is the target. Currently showing a shooting star reversal candlestick
Outside of its bollingerband and overbought on MFI
11/19 Watchlist #2 - $SHOP $1700, $1720 C *SCALP* $SHOP $1700 Calls 11/19 *SCALP*
Plan:
Scalp (1-10 minute trade)
Enter $SHOP $1700 C
Exit at $1718
Price targets: $1718, $1720, $1740
Technical Analysis:
Bull flag breakout
Bounce off hourly pivot
Shopify Inc: +12% Session. Target ExceededShopify: +12% Session. Target Exceeded.
Original idea attached.
SHOP 11/15 Weekly breakout Friday creating new ATH. TTM / Stochastic on larger TF’s shifting bullish. Smaller TF’s bearish. We want 1635 - 1640 to hold and create a base in order to see 1700+
