1500 Magnet on SHOP?Just finished a really nice trade on SHOP into 886 posted on Nov 27th. Its now time to starting thinking about a break of this 4.5 month range. If price can breakout from this box the upside is huge. First targets would be the extensions then the measured move to 1450. The market still seems to love large whole numbers so who knows...maybe 1500. Needs to break the box cleanly on volume first. This will be the 4th test of this level so its best to be patient as it can easily fall back into the range. See previous post.Longby WadeYendall227
Great Breakthrough setupGreat Breakthrough setup I think shopify has a great potential and is well known already. In addition, the chart is showing my favorite chart pattern of a breakthrough scenario. A really nice and long side-trend and it looks like this time it can get through. This gives a nice risk/reward setup of 9 ! This can lead to a 50% increase in some month. That’s my opinion and should be treated like it. No trade advice! Longby spar_ma773
Bull flag right at breakoutAlerted shares at 935, watch for a bigger move higher, if market holds up this should see $1500 soonLongby Option_Traders667
$SHOP seems to be setting up nicely for a double bottom breakout$SHOP is nicely creeping up to the previous highs, less than average volume. Crossing $1120 on high volume could be a positive sign. Longby kevshah70
SHOP Breakout 6th testSHOP has been consolidating for the past several months creating a flag type consolidation. Within the flag it has formed a triple bottom. Now that it has tested resistance for nearly the 6th time, i believe we will see a breakout the size of about the range that it has been consolidating in (which is about 100 points), so i expect a breakout to 1200 range.Longby BBTrader290
Shop is breaking out again! may test 1107SHOP is breaking out nice again...We may test 1107 but SHOP has to get through 1093 first. Then next big speed stop is 1134..my one concern is Volume is below the 90 day average...will seeLongby sid72Updated 111
SHOP handleSHOP has formed a nice little handle here presenting nice R/R. Im in from a little bit lower when I found a little entry. The stop is wide, but if we break higher, I may add to the position and raise the stop. Will be stalking.Longby SwanFrench0
Mini flag here on the daily on extremely low volumeNeeds to clear 1110 to test ATH.Longby OneSmartMao2
$Shop #Shop Shooting StarThis stock looks doomed as per my previous post. Stock has rallied on pathetic volume, sold off on stronger volume. Had a shooting star form today, through a key level, this stock looks in for some serious downside in the near future. Would stop at top of shooting star. I don't expect this to necessarily go down right away, better risk entries might present themselves in the next week. Not financial advice, merely a punting opinion. Shortby donthavename123660
SHOP cup completed now forming a handle ...4hrs SHOP cup completed now forming a handle ...4hrs Longby FT_Trades1
SHOP In process of completing the formation of cup & Handle SHOP In process of completing the formation of cup & Handle Longby FT_Trades1
SHOP/Shopify RANGE TrendAs you can see the price is on its high level of the range trend, I have shown you two possible ways of the movement and we have to be prepared for both.by AmirGhadiri553
Classic Wyckoff #Shop $ShopNotice the textbook Wyckoff distribution, accompanied by according volume. The latest down moves come with big red volume(indicative of smart money legging it) and the recent rally is on very low green volume(poor effort). This market seems to be going up on a foundation of sand, and I expect rejection somewhere near the upper key levels(marked with lines). Look for Shakeout patterns through and back below these levels on the daily and weekly charts and plan for a reversal, maybe even another shooting star candle will appear. Ultimately this stock is probably doomed to the $500's in the next year or so. This is not financial advice, merely my punting opinion.Shortby donthavename123114
SHOP just cleared 618SHOP cleared the 618 rather easily today. This would be very bullish if it closed above the 618 today so I will put it on watch for Monday. A move above the 618 increases the odds of a run to the 886 at 1111. Keep in mind price action is wonky on the low volume holidays like today. by WadeYendallUpdated 4