SHOP trade ideas
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.
doing a little SHOPinglet's see how much premium we can snag here... opened @ 22.40... looking to close before earnings
Shopify found support at previous resistanceShopify found support at previous resistance I expect a bounce from here
$SHOP - 5-count Pennant Breakout Opportunity$SHOP is showing incredible confluence in Fibonacci in addition to a 5-count completion on it's most recent bullish pennant.
This is pre-breakout but is looking likely to happen this week - targeting previous highs and creation of new ones!
First entry: $1217
Confirmation: $1238
TG1: 1245.91
TG2: 1260.69
TG3: 1286.14
TG4: 1322.59
TG5: 1347.15
Invalidation under: 1153
Leave some feedback below if you have any!
And don't forget to like and follow if you'd like more 👍
SHOP looks okay hereRemember Shopify ran from $880 to $1280 mid November to Christmas. It will surprise you.
I don't know why it sold off almost 4% yesterday, but I like the stock here and volatility works both ways.
SHOP 4H BreakoutSHOP setting up for nice breakout on 4H, Entry above $1215 PT $1280. Stop below 4H trendline
Shop on the move! Squeeze and S Triangle on the Day.We had a Squeeze on the week and are about to have a Squeeze on the Day both with Momentum above zero :) . We are coming to the end of the S Triangle and with that are going to come new highs. The next couple weeks should be interesting.... GL!
BTW... I own SHOP, AAPL, ENPH, TSLA, and of course SPCE (Goldmine!) All are on the move and I recommend all of these. Other that SPCE who's profits will surge later this year all of these have high Revenue and Net Profit Margins.
Others I follow and buy or swing time to time MKTX, QCOM, SNE, TTD, NIO, CRWD, DDOG, SQ, IRBT, MA, V, GS, JPM and of course AMZN.. and many more
Near breakouthas held previous ATH a few times now, weekly inside candle looks ready to go, watch for breakout
SHOP almost there!Not the best action today but had a good recovery in the last 2 hours, bullish for next week!
SHOP - decision timeOK - I'm biased and long calls expiring next week. My bias says this wedge will resolve higher. If it does, the move could be explosive. Wait for confirmation - acceptance above trend-line.
Psychology For AllLet's face it COVID has been challenging for many people and someone reading this might need a pick me up!
This is a different post related to the noise coming from the media. I am here to share three stories related to trading and investing... stories of success trusting your gut not the noise.
My Bitcoin Story... In 2017 I tried the online game second life, not by choice but was doing research regarding the construction of these virtual communities. A player showed me how she was building homes for people and being paid in Bitcoin. I was blown away and was always searching for a side hustle. I began to build and collect BTC as a hobby and something I began to enjoy (always was a gamer..still am lol). I was fascinated by the DW at this same time. I did not invest in stocks and did not even have a trading account at this time... only GIC... I only bought and received bitcoin. I never ever thought Bitcoin would appreciate the way it did. Since then I sold my BTC at 18,000. I have bought back twice since then once in 2019 when it went oversold, and again during the COVID sell-off. FYI I am out for now but still own my second life coins I cherish as a memory now.
A year or so ago, the motley fool paid service issued a "sell" alert on TSLA when the share price was around $175. Anyone familiar with the Motley SA services knows it is pretty rare they issue a sell alert in the paid services. I sold my shares a year and a half later for over $1,000 before the split.
Citron, here is a story. I have owned many shares of Shopify since the beginning as I felt I knew this area well. At around $190 Andrew Left short Shopify “Left is so convinced that he is right about Shopify that Citron has pledged to donate $200,000 to the Robin Hood Foundation, a charitable organization if Shopify is trading over $200 in 12 months.”.... lol my shares are in a better place now well over $1,100. These guys play dirty do not listen to any free information. Still have yet to see the donation...
My biggest gains have always involved some Pepto and lost sleep. It is always easy to look back and pump your ego but I look at my journals and this was far from the case at those exact times.
Think outside the box, trust the process, and most importantly trust yourself over everything and everyone!
People will always hate on you if you win or lose. Sadly jealousy is the most overused emotion.
“Failure will never overtake me if my determination to succeed is strong enough.”
Amazon vs Shopify (The corporate marketplace vs local merchants)In this simple chart I plot the price of two assets: Amazon and Shopify. I am looking at their percentage performance over the last year. Sometimes a simple chart like this is all you need. Who is performing best on a 1-year basis? The market is very competitive and companies are always vying for market share. The battle between Amazon and Shopify is one to watch because, in my view, it says a lot about the economy and consumer preferences.
Amazon is the big corporate power player. They are the marketplace of all marketplaces. Amazon even competes with their sellers.
Shopify helps any business build their own local marketplace or store front. It seems small businesses and startups go the route of Shopify. They build their own website and sell from there. Rather then going to Amazon, giving up a cut, and possibly being copied or competed with.
Amazon vs. Shopify has been a battle that deserves more attention. It is key to the future of ecommerce.
And so I share this chart because, perhaps over the coming years, we may be witnessing a shift from the large corporate aggregators to a more diverse and spread out ecosystem. Will Shopify continue to outperform Amazon? Will Amazon ever build a competing product?
This has huge ramifications for the entire market as Amazon is one of the world's largest companies and integrated through out ETFs and other leading assets. Additionally, while Amazon's Web Services are a huge component of its business, the competition increases fast. Google, Microsft, and many others all want a piece.
I will have this simple chart up for some time. Curious to hear your thoughts.
