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.
SHOP trade ideas
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.
$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.
