SHOP trade ideas
Long position in SHOPshop looks good here for a long term entry.
Consolidating for a while so i think it will move up soon. Took a dip off good earnings but i except the money and volume to come back soon
Needs to break 1.4k for confirmation of bullish activity.
Rsi and 20 ma hint at a possible reversal.
A great e commerce pick for the future.
Shopify looking bullishShopify held key support around ~$1535. As long as its trading above second support line uptrend is intact. Good buying opportunity if price drops into the orange triangle. Expecting uptrend to continue into the coming months.
This is not financial advice.
Shopify Stock To Keep In PortfolioHello ladies and gentlemen, according to my graphical analysis I recommend to keep as much as possible SHOPIFY INC in your portfolio and of course to avoid the sale because graphically and technically SHOP Stock has broken with force a very important resistance (R1,R2) proven with a great probability the increase of SHOPIFY Stock.
My Next Target is at least 1850 in the next months .
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 made
Artistic look"Breaking through the resistance with a strong candle means 100% confirmation of the trade.
A price channel that the price took before the model
A price channel that the price will take after the pattern
The end of the triangle model, which is a continuation model
Technical Analysis for SHOP TSX 30th October 2020Entry point would be 1290 to 1297, BB is pretty much squeezed, seems like a good point of entry, if it breaks down further would wait until 1225-1240 the next level to enter. Watch how it behaves in the morning. Good stock for day trade and swing trade.
SHOP TSX : Technical Analysis - 21 Oct 2020Based on daily time frame : Shop is currently in its down trend seeking its support levels S1 : 1270 and S2 : 1200. RSI is also depicting a downtrend. Anticipated buying range could be in the range of 1270 - 1290. If it breaks S1 at 1270 next buying area will be around 1180 -1200. Since earning date is near on 29 Oct, it is likely that the share price may go up after touching S1 level. Based on the historical trends shop's share price tend to go up a day before its earning date and is very short lived. Take your decisions accordingly for a short term gain.
SHOP at bottom of channel (Long)Shopify appears to be at the lower level of its present trading channel. May be a good point to begin anticipating a reversal. Although the markets are on a down turn for tech on the TSX as of last few trading days. I am going to watch for a possible long swing position.
The overall channel from June 8th supports my position. So does the more recent trading channel in the month of August, so does the moving averages because they are below the stock price and will push it up. Additionally, it has recently had a double top, so it may get really nice if it breaks through 1471 on the upside.
I recommend it to buy ; The probability of going up is greatI recommend it to buy ; The probability of going up is great We have A Chance To double The Buy ; follow me i will posted when We have to do
daily analysis of SHOPIFYHi friends
the daily chart of this market shows that it will experience an uptrend in the coming days but at the same time you have to be vigilant of the change of this market towards the opposite direction
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BUY More !Do not sell now. I advise you to buy more or keep it in the portfolio.
The probability of the market going up is over 80 percent
