SHOPApproaching limits of sigma 2 channel on 4hr and into ER, has potential to capture new price to upside based on recent quant reports. I would watch for post ER downside as in previous 2 quarters. Let's see.
SHOP trade ideas
$AAPL $CRWD $PTON $SHOP I OptionsSwing WatchlistAAPL 1D I Seeing unusual activity betting on a break from ATH with earnings coming. Price target is near $155, but the RSI is already showing a bearish divergence.
CRWD 1D I Last week we picked up unusual activity betting on the $280 and $300 strike on CRWD. We expect CRWD to break the trend line and head to $300 before ER.
PTON 1D I Seeing a possible inverse H&S on PTON. With the Delta variant causing more lock downs we can expect covid stocks to inch higher.
SHOP 1H I SHOP calls above $1,450 gave a 12% or $200 move last week. With earnings coming we don't expect a big move on SHOP as it was already made last week.
SHOP Bearish for this week The shark patter matches the fib retracement and confluence with trend line and VWAP BAnd on 1550 level. We all know it is going there . The rest of the moves I hope will catch as well. I have been short for some time now because did not bother to make my homework I hope others will benefit at that point . Shop IS Crazy so be patient and quick !!!
$SHOP Breakout On The HourlyShopify, Inc NYSE:SHOP has formed a bullish rectangle on the hourly chart. Today shares broke the resistance level of this rectangle, which indicates buying pressure and a potential large move to the upside. Good Luck!
$SHOP to $1621.17SHOP has been a monster. over $1569.12 and i'm looking at $1585.66 followed by $1610.45 overall move would be to $1621.17
Cup and handle on 4hI am still long shop.
Great company.
I think this will move up before we see it come down again. I would wait for nor for those of you looking for lt entry.
SHOPWeekly "Cup and Handle" on SHOP. Could see higher levels after it establishes in this value area for a little while more. Reiterations of higher price target to 1700 from Barclays alongside strong fundamentals have touted SHOP as an undervalued company for its price. Let's see!
SHOP possible multibaggerHere we have a personal favorite of mine in SHOP. SHOP has been on a huge bull run since mid May and has showed signs of being overbought but there are signs of strength at these levels and it has led me to believe there may be gas left in the tank. A move as high as 1600 is possible on a break and hold of 1523. Upside to at least 1510 seems likely this coming week with the MACD heading towards a bullish convergence and the 5 day MA looking to cross over the 10 day MA.
Would reccomend sticking to day trades at these levels, also be wary of high IV
TRADE IDEAS:
CALLS:
Entry: Break and hold over 1500
Contract: SHOP 7/16 1540c
PT: 1510, 1517, 1523, 1534, 1550
Lotto PT: 1586, 1600, 1610
Stop Loss: Break and hold under 1493
Not financial advice
$SHOP testing resistance zone$SHOP testing UTL of symmetrical triangle. A breakout will send this much higher. Bull flag hinting at a breakout soon. Found support on 20-day moving average.
Watch for a breakout on the RSI to confirm move.
SHOP could be headed to $2000I see a potential uber bullish cup and handle formation on $SHOP, which has a measured move to around $2000 if it plays out.
Do your own research, this is not financial advice.
Long SHOPstrong Flag happening on Shop
- strong buy past the ATH @ 1500
- strong buy yesterday with good volume
- the high 1558 needs to break but likely
Targeting arnd 1800 by using projections from prev swing up
SHOP Bull theoryWe can potentially see an earnings run up for SHOP to complet the 5 waves up.
SHOP currently breaking out of the pennant.
MACD about to pick a side, will cross to bearish or bounce back to bullish.
RSI, we can see a support on the RSI, would like to see if it holds.
Weekly Outlook! 7/6 - 7/9Check out what stocks we are watching for the coming week! As well as a recap of last week's video!
NYSE:ABBV
We are looking for a breakout of it's current pennant pattern over the $115.60 area. We could see a return back to all time highs here
NASDAQ:AMZN
We are looking for a breakout of recent highs of $3525 for a re-test of all time highs, and ultimately a breakout of all time highs over $3554.
NASDAQ:NFLX
We are watching for a break of trend resistance over the $539 level for a gap fill up to $546
NYSE:SHOP
We are watching this to break out of it's current bullflag pattern over $1500 for another move higher.
SHOP - Consolidating for next major pushSHOP - Forming bull pennant, you can find my target & stop loss prices on the chart
SHOP Going Down I dont care the price targets . Not to metnioned the Harmonic pattern that if tue shows 1220 by mid july
