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Shopify Inc.Shopify Inc.Shopify Inc.

Shopify Inc.

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SHOP trade ideas

Was the SHOP sell-off predictable?Of course it was! It reached both of my price targets: And now i think it will go even lower. My experience as a seller on 2 Shopify stores was terrible in the past 4 months. I had a decrease in sales of more than 60%. My friends with on-line store had the same experience. So if the merchants don`t make money, neither do Shopify. It`s hard to believe they will come up with a good quarter. My buy area is lower than $400. Looking forward to read your opinion about it.
NYSE:SHOPShort
by TopgOptions
2
Absolutely Wild Sell Off For Shopify (NYSE: $SHOP)! 🛍️Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.
NYSE:SHOPLong
by RedHotStocks
1
SHOP Long off Monthly DemandAs is with most stocks right now, SHOP is returning to the former breakout area from march. The market does this time and time again. This area is called Demand. The first time back to Demand typically results in a nice rocket ride. While the high time frame demand zone is the most ideal place for a long, It is also possible that shop bounces from this area which is the market maker discount zone. If they want a deeper discount they will visit the equal lows indicated by the pivot markers or somewhere nearby in the demand zone before taking off.
NYSE:SHOPLong
by Midgar-
4
$SHOP 30m and D linked**$SHOP** This one looks a little tricky but my heart and mind are calling it against the algo flow... Algos have $SHOP going long. I think the bull flag failed after the gap down and created bear flag with a green bar where everyone is getting caught up in. You can have a green bear flag. Then there is a head and shoulders inside the flag. I think we will rise just not yet. I have $SHOP breaking down to 690s tomorrow then I have it going further downside into the right shoulder of an inverse head and shoulders. IMO we break to 690s tomorrow then we dip into the inverse head and shoulders bounce to retest the neckline then drop into the right inverse shoulder at 581-561. Then we start to rise out of that and head for the 800-900s.
NYSE:SHOPShort
by Riskitpaid
11
$SHOP Key Levels, Analysis, & Targets REQUEST$SHOP Key Levels, Analysis, & Targets So shop has been obviously selling off pretty hard since December. I would expect to see some choppy price action between 530 and 840. The MacD on the weekly doesn’t really support a huge up move from here just yet… I would expect to see a while of consolidation before any directional move... I would keep an eye on the Daily and the Weekly macD. The daily looks like it’s getting rejected from crossing up so I’d be looking down to the 530 level. If that level holds then I would start to add a little bit… If not, there’s not a whole lot of support until you get to around 305. 305 is actually also the covid low. Also keep an eye on the 2019 top @ 404… this is an important level to hold. The only places I would buy are the support levels in green… and they also become sell levels on the way up… I hope this helps… sorry I felt a little bit rambly here… IF you don’t have a position I would personally wait… but if you do use the levels in green to add and bring your average down. I’m not in ANY way suggesting we get that low, but these are the key levels to stick too no matter what happens… Also, this is in logarithmic mode... By Request for @janatztxx
NYSE:SHOP
by SPYder_QQQueen_Trading
3
SHOP (1D) - Dead Cat bounce coming ? Hi Traders, its alredy some time since my previous Bearish analysis for Fintech and high Growth companies. Seems like we got first impulse on 1D chart. RSI is positively COnverging. What could mean a retrace after huge DIP for many stocks around (MINUS) 50 to 90% from ATH. Yes, this will be probably quick / sharp retrace, most of the retail will get in too late just on top of Wave B. Be prepared and always use stop-loss. Stay safe (sane) and enjoy the ride ;) Previous idea for SHOPIFY
NYSE:SHOPLong
by LongevityContrarian
5
SHOPIFY - BULLISH SCENARIOShopify Inc. is preparing for a test of the first major resistance level located at $710. Successful breakout will push the price to the 2nd resistance at $800. On the other hand, if the attempt is not successful, we may witness a retest of the $520 support. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:SHOPLong
by legacyFXofficial