SHOP sideways about to breakoutSHOP has been consolidating after a daily triangle breakout
Nice sideways action preparing for another leg to the upside.
I will be watching price at $1558
Great potential for a runup
SHOP trade ideas
Shop again to go upWe see that the trend was already going up. But on July 26, trade fell a bit. The market has now decided to go up by force and overtake the line
time to buy
$SHOP don't forget this either...Still looking very nice after the first pop, consolidate, now move towards ATH's
$SHOP make your own luck...Had some $1,550/$1,580 call spreads ready based on the set up, then got lucky with some news as well. Sometimes you get it right and lucky at the same time. Holding some lotto $1,600/$1,610 spreads a few more days
SHOPStrong close today. Shop over 1500 can run 35-50 points.
Trade Idea: 8/27 1550C over 1500.
BID/ASK: 3.80/4.40
$SHOP looking for opportunities...SHOP hasn't participated today as much as some, this one is looking pretty nice. I haven't tracked it enough lately to try anything real, but liking a chance for a SHOP type move soon
SHOP at or close to 1500-1510 can be considered for shortsIf you have long positions in SHOP, consider hedging your position with puts for the near term. We can have a nasty pull back with squeezes and weekly is still too extended from the mean. A reversion to mean on SHOP would translate to 1378 as the first price target and we would still be in the long term bullish cycle.
SHOP - Diamond Top 3-3-5 CorrectionBearish Diamond Top forecast and projection. Looking to complete ABC correction.
$SHOP .. diamond or trading range box ?Pick your side ...
Is it diamond top or .. just trading ranges ?
Momentum broke down the trendlineMomentum broke down the trendline before price breaks, momentum breakdown setup
Shopify - Needs to dropify to the $1,300!-Earnings are forecast to decline by an average of 10.4% per year for the next 3 years.
-High level of non-cash earnings
-Significant insider selling over the past 3 months
-Shareholders have been diluted in the past year
SHOP - 1000 to 1100 PTBearish C wave here and looking for 5 waves down towards Volume demand level (1,000) or 100% retracement level of Wave B (1,000). Would give yourself some time around December/January 1300/1400 Puts to be safe.
Goodluck
Short term rise coming upWilliams indicates oversold. There is still some room for movement upwards. This could be an opportunity for a quick one week turnaround for profit
Short term rise coming upWilliams indicate oversold. There is still room to movement upwards. Buy now for a quick one week turnaround profit
Short term rise coming upWilliams indicate oversold. There is still some movement upwards. Buy now for a quick one week turnaround for quick profit
Short term rise coming upThere is still some short term movement to the upside. Williams is at oversold position and if you want to pick up a quick profit. This is the time. Short term hold only
SHOP 1y1dSHOP Discount !
Basic SHOP dip after ERs. Trading in channel.
Dip and rip above 1552.
Price Targets:
Bulls(Price above 1552) /Bears(Price below 1552):
PT1- 1575 / 1530
PT2-1585 / 1500
PT3-1600+ / 1475-
SHOP 1:3.8 risk reward setup | SwingFrom my 2h chart analysis of SHOP, i think its a good time to buy it for a swing trade as its price is moving near support level with approx 1:3 risk reward setup.
$SHOP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SHOP after a Negative Under reaction following its earnings release placing the stock in drift D
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$SHOP Breaking Resistance?Looks to me that SHOP is breaking an important resistance area here. I've started a small position as I'm looking for this to test the recent highs. I'll look to add and build this out if it can continue to follow thru. All TBD. Ideas, not investing / trading advice.
SHOP headed higher by when?Just a few comments:
I have a price target north of $1800 by early first quarter next year (SHOP might get there sooner, say Dec 2021)
There is a significant volume node around yesterday's close $1538 (using daily Heikin Ashi chart). And a larger node near the Pivot point P, at $1470.
The extended ytd linear regression line runs through $1470 in early September.
I won't be surprised to see the price trajectory continue on a parabolic up curve, or to suddenly show a "reversion to the mean".
Near-term, for trading purposes, I'm bullish $1470 or lower, and defensive above $1550. Long-term I'm bullish.
I currently have a defensive bias based on broader market levels. Also, I was overly bullish (and exposed) during the February and March sell-off in SHOP.
SHOPIFY $300 Drop IncomingPrice target of $1200 is predicted as this chart is creating a very nice topping formation.
Short the bounces baby.
