Shopify - What's your time horizon?If your time horizon is more than one month, you might consider the recent post earnings pullback, as an opportunity to accumulate $SHOP
Otherwise just wait for the $NDX to settle.
SHOP trade ideas
$SHOPEntry price : 1196.74
Fundamentals :
- Sector: Software
- EPS % Chg (Last Qtr): 348%
- EPS % Chg (Previous Qtr): 215%
- 3 Year EPS Growth Rate: 101%
- EPS Est % Chg (Current Yr): 1070%
- Sales % Chg (Last Qtr): 97%
- Sales % Chg (Previous Qtr): 97%
- 3-Year Sales Growth Rate: 57%
- Annual Pre -Tax Margin: 5.8%
SHOP to $1499Shop is in a nice triangle. support is 1439.24 and first resistance is 1466.41 overall move is to 1499.67
Great changes to buy shopify cheaper on MarchActually overheaded, the stock may be cheaper in march and a good buy strategy, when it goes in the area of 50 MA. New highs later should be possible
Evening star pattern, up 25% just in February prior to earningsSHOP has been a beast for along time! It has runup 25% just in February, so be careful for earnings on Feb 17th. The past 3 days show a bearish evening star pattern (not 100% perfect). I calculated the implied move to be 6% or $90 dollars. Options - 1068 in $1500 weekly calls, over 1600 in $1200 weekly puts. If you know how to play iron condor, I think that is best earnings trade o capture premium. They beat last earnings and raised expectations , its going to be hard to repeat, imo. Have a great long wknd!
SHOP - sell on earnings and buy back!!!After this big run prior to earnings we may have a spike like 3 earnings ago, but there is no way we will be $1600 a share right now!!!
I love this stock and it has profited well for me and many others over the past 2 years. Holly apes breath I cannot believe I bought this stock at $300 in march??.. They are the #1 ecommerce stock hands down. I posted a prior detailed long term chart last week which justifies this conclusion. Thank
you for your interest. I HOPE my post's help you make money and have FUN !!! ♡ ♡ ♡ Have a Happy Great Valentines Day and Presidents Day!!!
PS - WE NEED A WOMENS DAY!!! Like Europe!!
SHOP - The big pictureShop is having a great run, but a pullback is in the near term whether after even a higher spike on earnings or prior to earnings . These are the long term trend lines where the bounce from a pullback has happened over the long haul. I feel that somewhere between 1250-1300 will be the next bounce. Someone posted that it will pullback over 50%????? ah NO WAY! Even in COVID the lowest percentage lost was 44%. The only way that will happen again is in a market crash. So this is the big picture..... GL!
Shop updateJump the gun on the pullback with my last setup. I think my overall market sentiment bias that the Nasdaq would pullback affected that call. Anyways , shop broke through that (Weekly) resistance and the results were as expected albeit it received alot of help with that FB news but what came first the chicken or the egg?
Targets are fib extensions since we're now trading at an ATH.
Strong Support would now be that yellow resistance should any pull back occur in the near future
SHOP Looking to add going into next weekI have been in this since Dec 16 when price broke the 6 month range. I took some profits on the initial trade as it hit my first target then added back to the position on Jan 9. See previous post below for details. SHOP had a beautiful weekly close last week and is at a new buy point going into earnings on Feb 17. The plan is to add to the position on a break of the high and trim going into 1340 if I get the move I want. This is a long term hold for me so I plan to hold a partial position through earnings. This is a good example of how I like to trade around a core position.
Additional Info:
I am an intraday scalper and short term swing trader of stocks & Futures using options and equity.
I focus on high volume momentum stocks in strong uptrends.
My time frame is between 5minutes to 5 days on most trades.
I scale into positions and scale out of positions as my targets are hit.
I always trail my stops after T1 is hit to reduce risk and lock in gains.
If my post is on a Weekly/Daily/240M chart the idea is a swing trade.
If my post is on a 60M chart or lower the idea is a day trade.
Day trades can turn into swing trades if the stock is strong.
All trades should be supported by market direction.
Treat my posts as trade ideas and not signals.
Traders must trade using their own back tested trade plan and rules.
Traders must plan risk first and profits second.
Additional Additional Info:
If you use options to trade high IV stocks it is crucial to wait for some consolidation or a pull back.
If you buy an option when price is stretched you will find that even when the instrument trades in your
direction you will lose money because you will have paid too much premium.
Simple rule = BUY options when candles are SMALL and SELL options when candles are BIG.
Pullback before earnings? - SHOPMy setup after todays rally after news about Facebook integration. Expecting a notable pullback before earnings.
Shopify channel update On strong week from the exchanges shop Made it up to 1294 but has got rejected off the Resistance (Yellow line)... headed back down to 1150. might break out of that range with earnings
Shopify Stock To Keep In PortfolioHello ladies and gentlemen, according to my graphical analysis I recommend to keep as much as possible SHOPIFY INC in your portfolio and of course to avoid the sale because graphically and technically SHOP Stock has broken with force a very important resistance (R1,R2) proven with a great probability the increase of SHOPIFY Stock.
My Next Target is at least 1850 in the next months .
Definetly going up into earnings - Triangle pattern I think we all agree the wonderful triangle will take us to new highs. I have been trading and following SHOP since the $200's and she has rarely disappointed. I was hoping after last earnings she would spike as usual, but no. This time she will! :) GL! and $$$$$
LING LONGConfirmation done on 1hr so its good to buy at market open if price opens at our Entry Point
Shopify pre-earnings target pricemy current GUESS is $1205 - $1225 prior to earnings. Wouldn't be surprised by more.
$SHOP | Buy Within Wedge Structure & Watch For A Breakout$SHOP is trading within a bullish wedge above structure.
Look for long to the top the wedge structure to $1200
A breakout of the wedge can lead to previous highs at $1280 and then new all time highs at $1380
Between a rock and a hard placeA close up view of shops journey in its weekly channel (White lines).
As you can see that yellow line of Resistance has held since the summer, it even held through shop epic 300 point xmas rally.
Even still shop is at the bottom of its channel with 1300 Resistance, could be a perfect time to go long with earnings around the corner.
SHOP Short going into EarningsNYSE:SHOP has showed weakness in its consolidation and appears to have distribution of shares taking place. The volatility is evident in its volume and jumpy prices overnight and otherwise. It closed above its weekly value and short 2 weeks before earnings makes sense due to the likely increase in option premiums. While the market Shopify covers has become saturated and profitable, if there is anything less than expected earnings reported a short now could be a nice leg into a longer term position. My two short term targets are on the chart one at the bottom of it's trading range and one right above an area I expect to hold some nice liquidity. My long term target (post earnings) would be closer to the November highs for Shopify.
