SHOP trade ideas
US Stock In Play: $SHOP (Shopify Inc)Upon the announcement of expanded partnership with Facebook ($FB) and Google ($GOOGL) for its one-click checkout to be made available to all merchants selling on Facebook and Google even if they do not use $SHOP, $SHOP broke out of its Cup and Handle chart pattern with a significant rally of +14.62%, triggering along with surge in transactional volume exceeding 100% of its 50D average.
With $SHOP making consecutive attempts to print a new all time high closing this week, a price action close above its mid-term trend channel is likely to impose a parabolical price surge in $SHOP in the next 2 weeks. 52 weeks high for $SHOP is at $1552.23.
$SHOP a commerce company, provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company’s platform provides merchants to run their business in various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders
Picking a Top SHOPMy dowsing chose this name for me. I'm not familiar with it, but of course have heard of it.
Regardless, my dowsing is suggesting a trend reversal here and I see it's starting to dump here. It's at 1495 atm. We'll see.
Shop... 1500 Dead end3 days outside its Bollinger bands . almost at ATH 1499, will it start a new uptrend? The answer to that question is will the NDX reach a new ATH? this won't reach a new high unless the index reaches a new high.
RSI at highest point in a year.
Circled in green is the reaction the last times it closed above BBands
SHOP 4H Short-term/Day trading LONG/BULLISHSHOP 4H Short-term/Day trading LONG/BULLISH - We have seen an amazing uptrend, we took support at the 0.382 of the Fibonacci Retracement ($1183.04) after the first go up and we managed to hit the 0.618 ($1341.27) and the 1.0 ($1438.25) now we expect a Retracement to one of the two main confluences that are pointed out and we will update our targets
SHOP to $1500?SHOPify $SHOP has been basing sideways for awhile now, and has attempted to break and hold above the $1300 range but failed 4 times. Will the 5th time be the charm?
The RSI has broken above so its looking good so far.
Do your own research, this is not financial advice.
$SHOPLooking to take the trip downstairs.
TP#1 $17 points if trade our way
TP#2 $60-70 points depending on trend line Supp
$Shop #Shopify looks promising!I think there is a big opportunity for $Shop to break out through these resistances. let's wait and see. Good luck!
Shopify - just WOW!Is this the end of quarter window dressing, or short covering rally, or the return of momentum investing (FOMO)?
Might be all of the above. So hang-on.
LONG SHOPIt's a bulltard market, seems like the only way we get reversal on tech is for a proper Elliott wave pop
$SHOP kicking myself....Had this on the radar as an AMZN follow on play...missed it, but this could still run more...
Bought SHOP today off 20smaKeep it on watch if it closes strong will have a big day tomorrow and into next week
Shop is looking bullish with it's recent partnership with AFRMLong on SHOP, very bullish. Waiting for theCup and Handle Breakout
SHOP Bull FlagSHOP bull flag on the daily, recent minor taper off on low declining volume - expecting SHOP to break out soon. Liking the premiums a lot, eyeing the 1235/1232.5 put credit spread for an easy 15 risk to 235 reward.
Shop Short itDouble top on daily. Couldn't even make back to the top of its channel. Broke out of downtrend(Whiteline) and is currently sitting on top of it. A fall below 1210 would signify a drop back below downtrend and a trip back to channel bottom
Confirmation of Bullish Uptrend A few days ago I had posted my 1st ever idea and I feel I could have explained in much greater detail while providing better supporting evidence. I lacked conviction in my last post and im 80% confident now in my analysis (If youre 100% its clouded or you just a liar). So getting to it the 1st green arrow far left is the last time it traded up to its ath and theres some very key details that i think need to be noted here. "no mans land" SOLID BLACK LINE HORIZONTAL CHANNEL BELOW MOST RELEVANT SUPPORT as i call it has great historical significance price action was noticeably stronger on the strong move up while rejections/downtrends saw gap holes and no established value. The purple box is what i percieve to be establishment of Mr. No Mans worth and also confirmation that his land is worth something now (excuse the goofy shit buts its how my mind makes this easily retainable) the green box that follows is the 1st and earliest pre confirmation of whats to come. As of now that bottom edge of consolidation is holding and doing so above values that had most recently got that rejection hotline. In an amendment to my 1st idea i went on to conclude that i see it sitting on its previous most generally accepted trend upwards too which i have added and additional line creating what i believe to be bottom end consolidatioin channel where SHOP gets gassed up before taking off like a bloody piss missle. I would go on to offer explanation but im lazy tired and gotta go work in a few hours but ill say this much...take the above concept and reapply where it fits the narrative of the trend and it becomes fairly clear imo
INDICATORS ARE USEFUL HOWEVER I FEEL MY MIND IS MORE USEFUL I KNOW I CAN TRUST IT AND IVE HAD THIS SAME CHART NOW FOR MONTHS...ITS COUNTER INTUITIUVE BUT IM THAT LAZY I DONT WANNA KEEP USING THE DAMN INDICATOR MAKE IT ONCE AND ADD ONLY WHEN THE FUTURE DEMANDS SO I LOOKED AT THAT PINE THING AND I SEE A BIG BILLBOARD "DISTRACTION" WE DONT MAKE TOOLS TO READ A BOOK WE LEARN TO READ THE TOOL IS JUST AN ILLUSION OF KNOWLEDGE
shop pop top chop shorts boutta get that lop chop
$SHOP - Same Chart, different viewSame chart, but more bars and showing upper and lower bounds of 1% standard deviation, year-to-date.
$SHOP more than just a COVID phenomenaGreat run from low of $1025 on May 13th. Don’t think this run is over, but $SHOP appears to be finding resistance at $1245 level.
Expecting more upside, but might be range bound between P and R1 pivots, near-term.
P= 1180, R1= 1290, approximately.
Pivots shown on this graph are Traditional, Weekly pivots. Dashed line = 100 day linear regression.
Also note correlation between 2021 movements (from peak and trough) with Williams %R below main chart.
