SHOP trade ideas
$SHOP About to Skyrocket Shopify has been hard climbing the stock´s price ladder for the past two years. Ever since COVID´s crisis, $SHOP´s price multiplied by 4, amazing return for half a year.
The tech sector pullback on the past weeks has affected Shopify making its price lateralize.
But, standing on a support and with great indicators, I think this stock is about to skyrocket. The MACD line is about to cross the Signal line below the 0 level, god tier Long-Signal. On top of this, the RSI has been increasing consistently and its now about to break the 50lvl, indicating the stock is adquiring strength and momentum.
daily analysis OF SHOPHi friends
the daily chart of this market shows with a high probability that it will experience an uptrend in the next few days but at the same time it is better to be vigilant of the change of direction towards the opposite
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SHOP - reversalBounced from a strong level
Three green days on overall red market
Engulfing candle confirming reversal
SHOPIFY : Swing, 100% Price ActionSHOPIFY : Follow the uptrend. Look at my other analyzes, great profit :)
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I predict with the best probability the future trends, my ideas are reserved for the experienced trader. #UniversTrader
SHOP Longhello fellow traders,
I'm still a beginner in terms of experience. However, I personally trade with supply and demand zones, and that being said I noticed on the daily the falling wedge and uptrend on 5 min, etc. of wanting to breakout from the demand zone. With the pattern and zones from the ema's I believe it could have room to run upward.
I am open for input and opinions I really do appreciate it!
$SHOP Shopify Day Trade
Potential relief | Bounce trade .
Stock found support on a major pivot point and
the Fibonacci Golden pocket which is positive.
Potential day trade to $897 to the 100ma &
previous pivot. above which $925 is possible
SHOPDown she goes. Room down to ~845 plus level to trade again on the topside, which is bottom of box (No position)
SHOP looks broken! Target 200 day MA ~~ 700?SHOP has been acting very poorly over the past couple weeks and broke down further today. Failure to hold this level ~~ 880 open the door all the way down to the 200 day MA around 700.
$SHOP Tests Key Range Support as Thematic Engine Faces Key TestSHOP is one where you really have to ask yourself, "is this bull over?" Because, that's the implications of this pattern, one way or the other.
The larger bull market is about this stock, in many ways. It's about the gig economy, and SHOP is the most dramatic manifestation of that idea -- with hundreds of billions of dollars from DC in the PPP program flowing straight to folks in this niche as well.
But our short has been up by about $100. And we would put our stop at $1000 and let it play out from here.
Shopify: hourly reversal Hello traders,
Looking at the hourly chart for shop, we are starting to see hourly reversal as indicated by RSI and MACD bullish divergence.
I am expecting shop to test hourly 50MA in next few trading sessions. Bitcoin is starting to move upward and most likely tech sector will follow as DXY goes down.
Happy trading!
SHOP - looking precarious SHOP is looking vulnerable at the moment, after having formed what looked like an "imperfect" head & shoulders top. Watchout for the neckline which currently at around 900. Bearish if starts breaking below this level.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Why I bought Shopify today.After a three day drop along with increased volume during that time, I decided it was the right time to by NYSE:SHOP . See chart .
