SHOP/N trade ideas
The bubble is gonna burst, Covid fear returningWith US fed saying they will be waiting for fiscal stimulus before providing anymore monetary stimulus. The tech bubble is gonna burst now and with the return of high Covid infections numbers, the fear is going to be coming into market imo
Not financial advice.
SHOPNice zone 2 to zone 1 breakout the other day with follow-through. Completely missed it (No position).
SHOPIFY - UP COMING MOVE - BUYSHOP - Trading on a positive breakout, I am expecting an up move from current price 903
Maintain stop loss around 870
potential upside 938 - 955
Follow the levels as mentioned , Refer the chart for detailed analysis.
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$SHOP Shopify Trade Setup
Super rally today in Shop which hit the Fibonacci GP resistance.
Alert set for a break above $1039 for a possible long entry.
Daily resistance Target @ $1073
Previous Pivot Target @ $1100
Indicators remain very Bullish and Volume increasing.
Day 4 -30 Days to 100kMonday Pre-Market is looking very good. Tech sector seems to be roaring, a lot of action in the EV Market with California announcing a ban on gas vehicles by 2035. But on this channel we are looking for Options trades to make us quick gains. Friday we left off with a Chart of EHTH, rarely will I ever advise or suggest opening an Options position on a Friday, but with nice profit over the past few days I did purchase the monthly 10/16 Call option for 2.80 (4 in total). This is a riskier play and am trying to suggest charts where I see the most gains with less risk to downside. Here with Shopify we have been trading with a channel for some time now. And I do see a break-out coming with this mornings Pre-Market actions. With prices rising above the 200-Day Moving average. We will take a closer look at what we are going to play today. But right now I'm looking at SHOP, FB, GOOGL, AMZN and PYPL. Some we have already played, but if you find a pattern in a winner it can be very profitable. I will put out another chart closer to market open and what Day 4's play will be.
$SHOP - Potential long entry above 1000$ A viewpoint below (For long), Stock price has to stay above 842$.
Not for any advise
Just an Idea,
$SHOP Shopify Weekly review
Potential long entry on break above the 20ma.
Cluster of resistance at $992-$1000
Indicators in bullish reversal.
$SHOP About to Skyrocket Shopify has been hard climbing the stock´s price ladder for the past two years. Ever since COVID´s crisis, $SHOP´s price multiplied by 4, amazing return for half a year.
The tech sector pullback on the past weeks has affected Shopify making its price lateralize.
But, standing on a support and with great indicators, I think this stock is about to skyrocket. The MACD line is about to cross the Signal line below the 0 level, god tier Long-Signal. On top of this, the RSI has been increasing consistently and its now about to break the 50lvl, indicating the stock is adquiring strength and momentum.
daily analysis OF SHOPHi friends
the daily chart of this market shows with a high probability that it will experience an uptrend in the next few days but at the same time it is better to be vigilant of the change of direction towards the opposite
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SHOP - reversalBounced from a strong level
Three green days on overall red market
Engulfing candle confirming reversal
