$SHOP shopify is sinking $SHOP shopify is sinking, Don't touch this stock as long as we are under 45$ (level of interest).
SHOP trade ideas
Failed Breakout = CrashShopify has been trading in the graphed region for roughly a quarter. Strong resistance + Strong support. Recently it breaks the resistance but once again fell into this wedge region. Looks bearish in my opinion. I am aiming $30 at this moment, but if that doesn't hold I would like to see another corrective wave which sends it down even more/
$SHOP Rectangle pattern trading rangeNYSE:SHOP The price has formed a Rectangle pattern and has been in a trading range since May 2022. A close above $41.85 will confirm the pattern's breakout, with a target price of $51. 40 .
A close below $28.90 will confirm the pattern's breakout, with a price target of $21.75. Note that not every price target is met.
$SHOP remains in a downtrend. A close above $79.00 will confirm a trend reversal, and the price will likely keep moving to the upside.
Long game in ShopifyI see the we are in the accumulation phase of the stage 1. I'm adding shares here because based on the trend that is setting up it is ready to return back to the 200 day EMA at about $70. That will with time double your account and this is my target. I'm going from $36 to $70. The MACD is showing strength for buyers and the RSI is not oversold. This will take time so be patient.
One for the shopping list?Shopify - Short Term - We look to Buy at 36.75 (stop at 31.65)
Previous resistance level of 36.75 broken. Price action has formed a bullish ending wedge formation. We look for a temporary move higher. Preferred trade is to buy on dips.
Our profit targets will be 51.12 and 70.29
Resistance: 41.37 / 51.12 / 70.29
Support: 36.75 / 30.02 / 29.72
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.
$shopincreasing momentum and strong descending resistance breaking keep on watch for possible channel break out tgt 48 keep an eye on 09/17 50calls
SHOP 18% rip since last post 2 days agoSHOP nice rip from bottom of base to top of base with good volume too. Close above 40 is really good on it. 41.40 is the top of the base. Once that breaks, the actual breakout is going to start.
I am not really sure if we breakout of the base since ES is also at a critical resistance area around 4000. Can be played both ways on it. Short here with 42 as SL or long on breakout.
Mentioned about SHOP breakout when it was back at 34 2 day ago. Link is attached below for that post. UP 18% in 2 days. Calls are up 700% on original trade and rolled it up several times which are up 500% too. Lets see if we can get another one of such trades here.
SHOP Looking to test $40 Supply ZoneHello fellow traders,
SHOP has been getting rejected at this price point since May 13. If the market continues to trend higher I am looking to see SHOP come down to its $35 support and push through this $40 supply zone. If it fails to hold $35 looking to see SHOP come down to the $31 demand zone. Thank for reading.
SHOP base Got 500% on 35C calls today. Still dint really breakout. Top of the base is 40. Once we close above 40, SHOP can go nuts. Keep an eye on this name for the breakout.
If anyone followed my trade yesterday, i sold 35C and rolled them to 38C
SHOP breakoutBroke out in the last hour. Looks really good for a push to 36, 37.31.
SHOP is forming a really nice base down here. This breakout is just inside of the sideways base its forming here. If u want swing for a couple weeks. SHOP can go to the top of base at 40.
JUL 22 36C or AUG 2 38C can work.
RectangleHoly Cow!
I have not looked at this one in a while and did not realize price was this low.
Neutral pattern until top or bottom trendline is broken.
EARNINGS ARE SOON.
No recommendation.
Bullish Harami star right now on daily chart. Multiple bottoms noted at the bottom of this rectangle
PositiveCurrently at an area of support. Positive divergence on both the RSI and MACD.
Potential target 60%
SHOP swing longHey all, I've been noticing that SHOP has been basing nicely and is near support. As I am currently expecting and positioning myself for a bear market rally, I am looking to size into SHOP tomorrow at open ahead of CPI, which I believe will give the markets an excuse to rally.
Shopify Sale? Shopify
Short Term
We look to Sell at 38.34 (stop at 41.99)
Trades with a bearish descending triangle formation. The medium term bias remains bearish. 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. Preferred trade is to sell into rallies.
Our profit targets will be 29.94 and 24.29
Resistance: 39.50 / 74.75 / 89.30
Support: 29.85 / 13.20 / 4.00
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.
ShopifyThe correction of SHOP is enough. It needs to go up. Now it is on a very strong support so it is a good place to stop correcting.
SHOP, Shopify Stock predictionLooking at the bars and previous data, I assume that stock might get gain from it current price for coming few days.
Long ShopifyNYSE:SHOP
Shopify dumped to a major support level.
Weekly MACD crossing up, Weekly MFI showing bullish divergence.
10/1 stock split coming on June 29th.
See AMZN prior to June 6th split. (27% rally)
I'm anticipating SHOP rallies here. (Perhaps to low $400s or $470)
I'm going long tomorrow on the market open.
I hope to hold the position until price exits the fork.
I'll be watching for this on daily and lower timeframes.
Down from over $1000 to $300 (SHOP)Shopify
Short Term
We look to Sell at 329.01 (stop at 369.57)
Prices are extending lower from the bearish flag/pennant formation. The medium term bias remains bearish. 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.
Our profit targets will be 161.97 and 119.18
Resistance: 330.00 / 405.00 / 1042.00
Support: 196.54 / 133.43 / 100.00
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.
SHOPIFY - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Left Chart
SHOP is approaching a demand zone so we will be looking for buy setups on lower timeframes.
H4: Right Chart
SHOP is forming a channel in red but it is not valid yet. So we will be waiting for a third swing to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that third swing high to form then buy after a momentum candle close above it. (gray area)
Meanwhile, until the buy is activated, SHOP can still trade lower inside the demand or even breaks it downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
shop supply zone rejectionshop looking to come back to major higher time frame demand after rejection of supply
