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SHOPIFY INC CEDEAR EACH 107 REPR 1 COMSHOPIFY INC CEDEAR EACH 107 REPR 1 COMSHOPIFY INC CEDEAR EACH 107 REPR 1 COM

SHOPIFY INC CEDEAR EACH 107 REPR 1 COM

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SHOP trade ideas

Falling Wedge- BullishShopify looking really nice here, certainly worth noting the 200 day EMA acting as strong support for SHOP as it has bounced off it three times since March, additionally Shopify does have earnings coming up on 10/28'. However, will be looking for a breakout from this falling wedge (Broader Market Conditions Permitting)- Just some support and resistance levels and some RSI based supply and demand zones to keep an eye on as well- bullish - Big falling wedge forming on the daily timeframe - EMA's starting to curl upwards - Hammer right off the 100-day EMA - Sitting on its 20-day SMA (Not Pictured) - Bollinger bands squeezing on shorter timeframes PT1- $1,435.50 PT2- $1,443.81 PT3- $1,451.70 + Breakout
NYSE:SHOPLong
by jacobosiason7
2
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!
NYSE:SHOP
by ThinkingAntsOk
2
ABC BullishPossible stop under C, or under 1285.90 or last area of support that you see. Sometimes long entry level can serve as support as this has passed that. Earnings 10-28 BMO/before market open. Long entry level can be important to hanging on so getting a good one can help in the long run. SHOP was below the bands set on 80 but quickly returned to the interior of the bands. At this moment I see a green Doji as the daily candle which represents indecision. No recommendation. Price is still under the 50 SMA which is a bit droopy and crossed down through the 20. Price is over the 200 which is sloping up. ABC Bullish and target is D. Targets calculated using the length of the AB leg and fib levels. The CD leg can sometimes equal the AB leg, or it can be a portion of it, or an extension of the AB leg. In this pattern C needs to be above A. B is the peak or the high of the pattern.
NYSE:SHOP
by lauralea
$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.
NYSE:SHOPLong
by TheBlankFund
$SHOP so far holding....This is a strong stock, so always potential that this was just another test before the next big move higher. The play was a technical opportunity based on market weakness, so when the market is strong this holds. Still keeping my $1,350/$1,300 put spread another day just in case tomorrow pulls back hard again. Added a $1,500/$1,550 call spread on the option that all stocks, including this, recover big into the end of the week. 50/50 chance at this point...
NYSE:SHOP
by UnknownUnicorn3924154
1