Shopify ~ SHOPShopify interests me a lot if it can holds this 1285 lvl
Breaking below there will signal more sell to come.
SHOP trade ideas
Ugly Top // Has Broken Down from the Triangle.Shaven head red candle broke through the neckline today. At this moment the bottom of that red candle is almost shaven as well which would make it a bearish marubozu candle if this candle ends the session shaven on both ends. Shaven means no top wick or bottom shadow. This red candle also engulfed/swallowed yesterday's candle.
The neckline of 1322 serves as a support level until broken and is a strong source of support. This pattern is not valid unless this neckline is broken with a confirmed downtrend. The neckline is broken but the confirmed downtrend is not in place.
A bearish butterfly formed before the latest upswing. There are support levels that can kick in and save this so be sage. Popular stock. There is a pocket pivot at the break of the neckline which is positive (green triangle)
No recommendation
"Almost" is not measurable and does not mean a whole lot in the scheme of things )o:
Another Run for SHOPHi everyone,
$SHOP has been overall bullish for a while trading inside our channel.
It is ready now to test the bottom of our channel.
It also corresponds with a disputed territory at around 1300 round price level.
We can see that it previously acted as a Resistance area.
Will it Hold?
As per my trading plan, I will be waiting for $SHOP to confirm the support and look for buy setups.
If you like the idea, do not forget to support with a like and follow.
* 𝗧𝗵𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘀𝗵𝗮𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝗰𝗲 𝗮𝗻𝗱 𝗶𝘀 𝗳𝗼𝗿 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗽𝘂𝗿𝗽𝗼𝘀𝗲 𝗼𝗻𝗹𝘆! 𝗔𝗹𝘄𝗮𝘆𝘀 𝗰𝗼𝗻𝗱𝘂𝗰𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.
$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.
