Shopify Can do 2 things 1,800 or 1200 Go up or down lol.
Yellow lines - Weekly Channel
Purple line - Split channel
White lines Minor channel
Last 2.days shop has reclaimed its 50 and 100sma and today stop short of reclaiming its 21EMA.
Long over 1540 with 1800 channel top target
Short below 50sma which aligns with that split around 1483. your target would be channel bottom around 1200.
so between 1483 and 1540 I wouldn't go near this . wait for direction
SHOP trade ideas
$SHOP clean break to the upside...Shot right through the VWAP, looks solid for a continued move up but could be consolidation along the way. No position still, will wait for a better set up options pricing wise.
$SHOP needs to confirm tomorrow...Looking good here, when this runs it runs hard. But with the recent volatility, I would prefer a confirmation day before looking for call spreads. I'll watch and chart for now.
$SHOP right to the VWAP...What a chart, I love the stock only need the market to hold. Might be a decent lotto for tomorrow to try on this one...
SHOP - $1500 Incoming (SHORT)If the market continues to pull back a SHOP looks to be pulling back to the next support level of $1500 and could then fall to $1435. Now some look at this as a stay at home play so if the market bounces it can push back up to ATH
Short-term pressure / Long-term up trendShort-term (next few weeks) could see downward pressure from the overall market move.
Look for support at 1189 and/or the lower part of the channel for a bounce before moving higher.
Trading in a bullish uptrend channel
SHOP looking bullish soonSHOP looking bullish soon imo
gonna watch it and enter if looking all good
Just my opinion not financial advise
$SHOP - move isnt done yetWe are likely seeing a deep 4 here - I expect a rally to finish off this week - then another big drop next week - then grab your ticket because moon here we come
SHOP on watchBroke out to ATHs. Looking for continuation. Play can be made on a break of last week's high or on a pull back into the tan box. Targets are the fib extensions above. If price falls back below the tan box the play is dead.
Shop At a crossroads Got rejected today at the split (Yellow resistance)... A break over resistance and 2000 is the target. Currently showing a shooting star reversal candlestick
Outside of its bollingerband and overbought on MFI
11/19 Watchlist #2 - $SHOP $1700, $1720 C *SCALP* $SHOP $1700 Calls 11/19 *SCALP*
Plan:
Scalp (1-10 minute trade)
Enter $SHOP $1700 C
Exit at $1718
Price targets: $1718, $1720, $1740
Technical Analysis:
Bull flag breakout
Bounce off hourly pivot
Shopify Inc: +12% Session. Target ExceededShopify: +12% Session. Target Exceeded.
Original idea attached.
SHOP 11/15 Weekly breakout Friday creating new ATH. TTM / Stochastic on larger TF’s shifting bullish. Smaller TF’s bearish. We want 1635 - 1640 to hold and create a base in order to see 1700+
11/15-11/19 watchlist #3 $SHOP $1650, $1620 BOUNCE
Price targets: $1675, $1700
Technical Analysis: All-time high breakout & momentum bounce
News Catalyst: "In a week of whipsaw or negative action in many highflying stocks, Shopify stock made a powerful move Friday, clearing a trend line break in huge volume, offering an early entry in the morning and ultimately clearing the 1,650 Buy point" - Investor's Business Daily
SHOP - breaks all time highNice volume on the all time high break out and I see continuation to $1770, based on this rising weekly channel.
There was no news or option flow on friday, so up 12% out of nowhere! haha
If there is any back test, it would be the $1595 level, then upwards again.
shop Long and neutral idea Shop nice breakout!
Watching a break out here. As shop is testing all time highs.
This is the second attempt for shop to break out here.
Strong bullish candle as well as strong volume behind the move. There
was no company related news on the move.
Bullish case:
We can see news start to come out in the coming weeks and shop can start m
moving here. Possible to see shop go to $2000.00 which would be the next
level for shop from here.
Levels to watch is $1450.00 and $1525.00 as long as these levels hold up
target of $2000.00 is very possible.
Neutral case
Based on volume profile:
1390.00 and 1560.00 are areas where support and resistance is holding
really well, stock can continue to trade in this zone again. How ever
price action moves really well above or below these levels.
SHOP update - target 2000Breakout on volume
Cup and handle and now inverse head and shoulders breakout
Shopify has ripped 50% multiple times in the past
This company is hugely undervalued being a platform now for other multibillion dollar companies (e.g oatly, bird etc)
SHOP short term neutral $SHOP #SHOP in consolidation between $1395.00 and $1565.00. Moving averages consolidated as well move coming in shop. MACD looking to cross down here.
Short term analysis is bearish on shop. However these are critical levels on shop, we can see shop test the lower levels or even trend line before moving higher.
$TWLO market capitulation play...I love this stock but...if we drop hard the next few days due to evergrande...maybe we play a downside put here. $1,400/$1,350 put spread this week or next...high risk
