$SHOP | Shopify: Bullish Falling Wedge$SHOP has formed a bullish falling wedge. Watch for a breakout. Targets on chart. Good luck!Longby AidanMDangUpdated 2216
SHOP - on the back-way to the "pre-earning" support line. NYSE:SHOP is going back to the support line before jumping to the sky after an earning report target is 930 the entry point is 1090 stop-loss 1130 good luck to every one Shortby confidentSnow16543Updated 2
SHOP Catching Support?After breaking its 5+ month range on 12/16, SHOP appears to be taking a breather onto support at the range high of 1112 level. Volume tapering off after the holidays. Waiting for confirmation of a bounce. Break of the upper trendline on price and/or RSI. Longby NetWorthFocused335
Shopify Strong Support Long & Possible Continuation Play SHOP Daily timeframe seems to be testing top of previous range which is a strong support Volume dropped until last hour Bullish divergence on hourly RSI Bullish volume spike last hour of the day (highest hour volume of the day) My target is previous resistance range This Is Not Finacial Advise by michoacano0
Shopify showing Head n shoulders on 4hoursShop had a rough week last as it pulled back from the top of its channel. now its forming a bearish head an shoulders and the bottom of the channel. If pattern form our first target will be support at white line. if channel holds , would be a nice dip buyShortby ContraryTrader112
great play 2 years ago ! haha. but is shop a good long at 1100?stuck 900-1100 range for 7 months!! might be a good place to get longterm puts since we clearly cannot hold over 1100 without shorts attacking. a break under 900 will be ugly! goodluck to longs here but be very careful. consolidation like this can last for years.Shortby Vibranium_Capital1118
SHOP@1172:Retracement likely to $1000 from a 40% gain of Nov LowThe stock gained near 40% from its Nov low of 860 to a recent high of 1285, propelled by a 3D Squeeze that fired for 7 bars. Squeeze usually fires for 7 to 8 bars, so we are likely entering a consolidation phase with a probable retracement to $1000 or 50 MA. It's Stoch/RSI has a good history of forecasting price trajectory and the last candle also hinted at a high open/low close. SHOP is very liquid and not subject to a short squeeze, other than enthusiastic buyers who have demonstrated less power to move growth stocks in the past week or so. There is a hint of rotation from high powered names to companies with real profit. Shortby Jonas99223
SHOP Post Move Analysis:Could we seen the move from indicators?SHOP went from 1000 to 1250 in less than 10 days. Could we have foreseen the move? Possibly. SHOP consolidated more than 4 months in a long rectangle which is a continuation pattern or corrective. The tell for the breakout was a 3D Squeeze which also was clued by the tilting upwards of Stoch RSI. On the Chart, there are 1, 2, 3 numbered to point out the signs. I have learned 3D Squeeze is generally more powerful than other time frames. It did have a 4 h Squeeze but produced a weak move. And there is no Daily squeeze which was the most-watched time frame for squeeze style trading. Where the stock go from there? That's for the next analysis.by Jonas993
Only clear skies ahead?Our range play has turned into a full continuation phase to the upside. We couldn't have predicted this strong of a bounce it has even outperformed AMZN. I could list a series of "fundamental stories" for why it has had a great run but when you trade with a model you don't have any. As long as shop holds above its previous range state and the net up vs down volume stays positive we will continue to hold. by IngenuityTrading993
SHOP looking promising.Watch for a break of this consolidations. See previous post. Potential for massive move it it breaks. First targets equal extension. Make sure broader market is supporting a bull move. 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. Happy Trading!Longby WadeYendallUpdated 2220
SHOPIFY INCSHOPIFY INC Our share of this is a trend-level acceleration and a very high explosion Strong and large volume of large traders and buyers During the week's calm, the purchase was madeLongby ELHASSANE-TRA3
$SHOP breaking out and held its backtest$SHOP has been ranging for a few months now. It has finally broken out and held its backtest.Longby zachyamUpdated 7