SHOP/N trade ideas
SHOP possible multibaggerHere we have a personal favorite of mine in SHOP. SHOP has been on a huge bull run since mid May and has showed signs of being overbought but there are signs of strength at these levels and it has led me to believe there may be gas left in the tank. A move as high as 1600 is possible on a break and hold of 1523. Upside to at least 1510 seems likely this coming week with the MACD heading towards a bullish convergence and the 5 day MA looking to cross over the 10 day MA.
Would reccomend sticking to day trades at these levels, also be wary of high IV
TRADE IDEAS:
CALLS:
Entry: Break and hold over 1500
Contract: SHOP 7/16 1540c
PT: 1510, 1517, 1523, 1534, 1550
Lotto PT: 1586, 1600, 1610
Stop Loss: Break and hold under 1493
Not financial advice
$SHOP testing resistance zone$SHOP testing UTL of symmetrical triangle. A breakout will send this much higher. Bull flag hinting at a breakout soon. Found support on 20-day moving average.
Watch for a breakout on the RSI to confirm move.
SHOP could be headed to $2000I see a potential uber bullish cup and handle formation on $SHOP, which has a measured move to around $2000 if it plays out.
Do your own research, this is not financial advice.
Long SHOPstrong Flag happening on Shop
- strong buy past the ATH @ 1500
- strong buy yesterday with good volume
- the high 1558 needs to break but likely
Targeting arnd 1800 by using projections from prev swing up
SHOP Bull theoryWe can potentially see an earnings run up for SHOP to complet the 5 waves up.
SHOP currently breaking out of the pennant.
MACD about to pick a side, will cross to bearish or bounce back to bullish.
RSI, we can see a support on the RSI, would like to see if it holds.
Weekly Outlook! 7/6 - 7/9Check out what stocks we are watching for the coming week! As well as a recap of last week's video!
NYSE:ABBV
We are looking for a breakout of it's current pennant pattern over the $115.60 area. We could see a return back to all time highs here
NASDAQ:AMZN
We are looking for a breakout of recent highs of $3525 for a re-test of all time highs, and ultimately a breakout of all time highs over $3554.
NASDAQ:NFLX
We are watching for a break of trend resistance over the $539 level for a gap fill up to $546
NYSE:SHOP
We are watching this to break out of it's current bullflag pattern over $1500 for another move higher.
SHOP - Consolidating for next major pushSHOP - Forming bull pennant, you can find my target & stop loss prices on the chart
SHOP Going Down I dont care the price targets . Not to metnioned the Harmonic pattern that if tue shows 1220 by mid july
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.
