so like pretty much yeah mate, umm go short on MSFT because ofTANo other reason just TA yeah mate, why not give me some umm...... reputation sounds good amte yeah umm go short and we print safe on g, bro science.
307 trade ideas
LONG SHOPBiased on volume, TA and the purpose of the company more people will start buying this stock again.
The question is are we at the bottom for now, I think we probably are because of volume and Fib lines.
How high will it go? probably not ATH anytime soon because of how huge drop shipping was, But about 50% back to ATH should be normal, may take a while before this stock gains some momentum but I see this as a grate opportunity for building a large position with DCA by time.
Bottom for shop?Triple seen clearly on the 4h timeframe on shopify. It can be seen on the daily also but its not as clear imo.
Im hoping this is the bottom on shop but with earnings coming soon it can still possibly go lower as we have seen in other tech stocks like facebook.
Also see some rsi divergence happening which can suggest we will move up.
I believe amazon earnings helped for tech stocks in finding a bottom.
Although some may find shop overvalued i believe this company still as a lot of growth.
DYOR.
Upside +50%The action is very much unloaded. I am planning a return closer to the support highs zones. As well as the moving averages. Upside +50% Indicators are entering the long zone. We trade with a stop.
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SHOP below $800 soonShopify has currently corrected about 50% from it’s peak and looks like there’s more selling ahead. A high growth name in inflationary environment, so odds are its gets hit more. There’s barely any support below $800, so probably expect it to flush once this bounce is done.
SHOPWe are on Fibo 38 and we can see a big volume, this could be the buy signal
i will buy more to average my cost
estamos en Fibo 38 y se ve un volumen muy alto, esto puede ser buena señal para comprar
SHOP: You Always Have to Catch It Right Nice double bottom formed on Friday, but am looking to get another stab at this at $780-800 early next week. I think the trade is buying at $785 area. Options too expensive for me M-W so will see where its at Thursday/Friday. I will take a trade like that if I really like where the growth is going.
The $850c against $785 would be my area of interst. Over $875 we can see $950 easy.
SMarket Metrics
Trading volume was 48 percent above the 20-day average for this time of day.
One-month implied volatility was 81 percent.
The relative strength index on the stock was below 30, indicating it may be oversold.
Of shares that were traded, 15 percent were at the ask price and 11 percent were at the bid.
Market Insights
Stock declined 25 percent in the past 52 weeks. The S&P 500 Index gained 15 percent.
The shares are down 4.1 percent in the past 5 days and fell 39 percent in the past 30 days.
Shopify trades at 134 times its estimated earnings per share for the coming year.
Short interest was equal to 1.2 days of average trading volume. In the previous two years, the short-interest ratio ranged from 0.6 days to 2.4 days. Shares sold short amount to 2 percent of float.
Catalysts
Analyst Rating Changes:
Zacks analyst Team Coverage downgraded the recommendation on Shopify to underperform and assigned a target price of $591 yesterday
ESG Scores
Shopify has a provisional governance score of 6.48.
The Bloomberg ESG Disclosure Score, measuring the extent to which companies report ESG data, was 37.60 on a 100-point scale, compared with the Bloomberg peer group average of 24.29.
Shopify's Sustainalytics Risk Score fell to 23.33 from 24.95 six months ago. Sustainalytics measures unmanaged financially material environmental, social and governance risks, so a lower score is better. The company’s Bloomberg peer group has an average score of 18.34.
Its MSCI ESG rating, ranking ESG business practices from a top AAA to a worst CCC, is AA.
The company’s S&P Global ESG Rank, which looks at how companies are mitigating ESG risks, is 66 out of 100. The Bloomberg peer group average is 46.56.
ISS Governance, which examines governance criteria on a 1-10 scale with 1 as the lowest risk, gave Shopify a QualityScore of 9, compared with a Bloomberg peer group average of 6.07.
It's CDP Integrated Performance Score, measuring commitment to controlling climate change in a 1-8 ranking, is 4.00, versus 2.14 for the Bloomberg peer group.
Shopify ~ ShopShop here looks like it's a falling knife to the downside and could be targeting the very low 700 range with a break at 790. Been brutally murdered.
Hit every target i mentioned in my last analysis here on TV 🚨shop saw huge downside continuation as expected after breaking the extreme trend support. Congrats if you shorted!
now sitting at a local support zone here at 835, if we break below target is 680! if we hold and bounce target is 1015-1400
like and follow for more 💘
Shop is almost at the buyzone around 1220 and then up from thereShop is going to reverse at the 1.272 Fibonacci and demand zone
SHOP - Trade set upSHOP chart is falling apart. It's broken the weekly 100MA for 2 solid weeks now.. If we break my entry line I'll be taking some SHOP Feb 18th 800 puts to pound town.. It's expensive for some of you I get it, but if you can afford it the RvR is a 6 bagger if it makes it down there.. The exit is the 50EMA on the monthly chart
Shopify sinking..!if SHOP has lost 50% of its value in 42 days, do not be surprised if it lost another 30% from current prices in less than 1 month!
Best,
Moshkelgosha
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$SHOP in a Very Vulnerable PositionI would favor a short on SHOP. It could possibly be played long for a bounce back to trend line and maybe even to the 10 / 20 EMAs. It is up pre-market but I'll be watching this for a short set-up if it losses the horizontal support area it tagged yesterday. I may even go long for a day or swing trade if it can get over the downtrend line and then look for a reversal to short at the 10 / 20 EMA. All TBD. Ideas, not investing / trading advice.
SHOP Long 1300 Then Short 1100NYSE:SHOP
Long NYSE:SHOP till $1300
Short from 13 to $1100-1050-1000
Then long it again....
SHOPIFY INC. - SHORT TERM BEAR SCENARIOThe bearish scenario is more likely to continue for Shopify inc. , after the breakout of the major support level. If the bears succeed with their plan and price dip below $1030 we may see new lows below $900.
Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.The Shopify platform offers online retailers a suite of services including payments, marketing, shipping, and customer engagement tools.
How Accurate was our prediction on 21 Jul 2021 !SHOPIFY stock choose our predicted path . We made this price targets and stock path prediction several weeks ago ! How amazing!
It may seem that we are proud of ourselves and pay ourselves compliment ! Although we think that we deserve such a compliment , We just want to encourage you to know what kind of success can be achieved using Elliott waves several weeks ahead of the market ! I admit timing was not so accurate but price prediction was nearly perfect.! Few people could imagine about 60% fall from ATH ! Time proves the value of an idea !
Good luck everybody!
