Shopify ~ SHOPShopify interests me a lot if it can holds this 1285 lvl
Breaking below there will signal more sell to come.
SHOP
$SHOP - ACTIVE BEARISH HEAD AND SHOULDERS TOPThis is just what the charts are telling me so I would like to see what you all think too.
SHOP - $1500 Incoming (SHORT)If the market continues to pull back a SHOP looks to be pulling back to the next support level of $1500 and could then fall to $1435. Now some look at this as a stay at home play so if the market bounces it can push back up to ATH
Short-term pressure / Long-term up trendShort-term (next few weeks) could see downward pressure from the overall market move.
Look for support at 1189 and/or the lower part of the channel for a bounce before moving higher.
Trading in a bullish uptrend channel
11/19 Watchlist #2 - $SHOP $1700, $1720 C *SCALP* $SHOP $1700 Calls 11/19 *SCALP*
Plan:
Scalp (1-10 minute trade)
Enter $SHOP $1700 C
Exit at $1718
Price targets: $1718, $1720, $1740
Technical Analysis:
Bull flag breakout
Bounce off hourly pivot
$BBW: Bears Might Get StuffedIn a friendly retail environment, I believe Build-A-Bear has the opportunity for some real growth with the Disney licenses and budding social media presence.
11/15-11/19 watchlist #3 $SHOP $1650, $1620 BOUNCE
Price targets: $1675, $1700
Technical Analysis: All-time high breakout & momentum bounce
News Catalyst: "In a week of whipsaw or negative action in many highflying stocks, Shopify stock made a powerful move Friday, clearing a trend line break in huge volume, offering an early entry in the morning and ultimately clearing the 1,650 Buy point" - Investor's Business Daily
SHOP - breaks all time highNice volume on the all time high break out and I see continuation to $1770, based on this rising weekly channel.
There was no news or option flow on friday, so up 12% out of nowhere! haha
If there is any back test, it would be the $1595 level, then upwards again.
$SHOP levels I'm going to buy on dip.These are the levels I'm going to buy $SHOP on the dip. Missed the earnings, supply chain issues, etc. Love the company.
Shopify Analysis 27.10.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
$SHOP rejected again at resistance level, heading towards 1150$SHOP got rejected again at resistance level from long time July 21, can see 1200 / 1150 unless it breaks above 1500 - maybe earnings does the trick but until then we are heading down only on this.
A quick analysis of SHOP, what can we see? Today we will take a quick look at the SHOP chart.
What we can see here is:
a) Ascending Channel, the price was rejected from the lower trendline.
b) ABC corrective pattern (apparently finished).
c) Support/Resistance zone (we want to see the price above that level, to think in bullish opportunities).
Based on all those items, if the price reaches our green horizontal line, we will consider that to activate the bullish view towards the targets we have defined using fibo extensions.
Our invalidation level will be below "C" either the analysis is executed or not.
Thanks for reading!
$SHOPShopify stock has made long-term investors a boatload of money.
If you would have been able to buy shares of the e-commerce subscription platform at its 2015 IPO price, you'd be sitting on gains of nearly 9,000%!
In this short period, the company has risen to become the largest Canadian company by market capitalization with a valuation approaching $200 billion.
Still, the company has its work cut out for it to earn "four-comma status" by 2025.
In the second quarter, Shopify did so by beating analyst expectations on the top line by reporting total revenue growth of 57% and its first $1 billion quarter. However, the numbers are even better than they initially appear when broken down by segment.
Shopify's smaller revenue source is subscription services, the fees it charges sellers, or "merchants," to use its tools. The second is merchant services, which consists of the revenue Shopify earns from those merchants in the form of add-on services like payment processing and transaction fees.
In the year-ago quarter, merchant services grew faster than subscription revenue, which makes sense when you consider the pandemic increased the demand for online shopping. This year's growth was led by subscription services, which was boosted by more merchants beginning to use Shopify's e-commerce platform and existing merchants buying higher-priced subscription bundles.
When we take a look at the technical side of things Shopify looks incredible on the higher timeframes.
Looking at the weekly chart we are currently sitting at long term support and this might be something you might want to keep your eyes on going into next weeks trading sessions.
If price is able to hold these levels we could see Shopify continue it way up.
When we move down to the daily chart for indicators we have;
MACD curling
RSI breaking above 50.
Watchlist this.
SHOPCalls can work over 1400 tomorrow. Levels above 1400 are 1431, 1453.
Trade Idea: 1415C 10/8 *lotto (high risk)
BID/ASK: 3.30/5.00
SHOP descending wedge is as at a lower edgeWhile I'd look for a breakout to the upside to this descending wedge, I think it's equally likely that price will bounce off my purple breakout line and head down for another leg. We'll have to wait and see.
It's also noteworthy to notice we're now trading below the grey resistance area, so that might add an additional ceiling to bounce off.
SHOP.... drop? ($1300)So I posted an idea about BYND that involves this diamond pattern that I discovered. I checked in on SHOP and it too appears to have that diamond pattern. If this diamond pattern plays out, SHOP can drop down to $1300-$1250. I was skeptical, but then I hear news about increasing competition in the news. I'm interested in what you see.
SHOPTrade Idea: 9/10 1600C over 1560.
SHOP over 1600 can run another 50 points.
..........................................
Shopify $SHOP nearing pivot pointThe e-commerce giant is been behaving very well since its first breakout from the $1,290 resistance. Now is working its way to make a new ATH with higher lows and respecting its $1,500 support. To confirm the buy zone between $1,650 and $1,730, the MACD is making a buy signal with a bullish crossover. Also the relative strength of NYSE:SHOP against AMEX:ARKF is really good, it needs to breakout from the peanant patern it formed to be even better. I'd like to add that the IBD RS rating is 83, that means that its performance is in the top 83% of all stocks over the past year.
So, there are two ways to play this. One would be just to wait for the breakout from the $1,650 resistance or, to buy 1/2 of the position today and add the rest when that breakout happens. The bad thing for the second approach is that the buying volume for today is not that great. So, I'll wait for the closing price to see if its really worth to be agressive.
