SHOP LEVELSI WOULD GO LONG IF SHOP CAN BACKTEST THE 1000 LEVEL.
TRADE IDEA: 1075C 7/10
I WOULD GO SHORT IF SHOP BREAKS UNDER 1000.
TRADE IDEA 925P 7/10
levels below 928 are 900, 875.
SHOP trade ideas
SHOP 1600 before big fall in NovemberPrice target 1600 till end of October, then correction expected.
August correction 1300-1100 is an option.
SHOP coming back to $900 levelsSHOP Finding resistance at the Fib Extension. Way overbought and short squeeze. Time to retest $900 level now.
SHOPIFY : knows a stonge selling signal !!shopify is going down for a while target : 927
after that it will continue it way up
keep an eye on it
tell me if i'm wrong tks
$SHOP - SHOPIFY - Breaking new highsShopify looking good on indicators. Has established a new uptrend and broke through some past highs and resistance points. Has established support above 180 and now doing battle with 190.
On the 15m chart its tested 190 several times and survived the pullback so will hopefully continue its bullish run.
Shopify is a leading cloud-based commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up and manage their stores across multiple sales channels, including web, mobile, social media, brick-and-mortar locations, and pop-up shops. This provides a merchant a single view of their business. The Shopify platform was engineered for reliability and scale, using enterprise-level technology made available to businesses of all sizes. Shopify currently powers over 165,000 businesses in approximately 150 countries, including: Tesla Motors, Budweiser, Google, Wikipedia, LA Lakers, GoldieBlox, and many more.
PIGSKIN AUDIBLE - .007 Piggish Play - Long Shopify to 1150+The market is going up. Thus, the prior .007 Piggish Play to short what's its name, is not an idea that I would champion with certainty.
Given that the market will likely "pull back" on the open, it will only do so for the purposes of offering an absolute gift of a buying opportunity. Further, the S&P needs to "technically" reach a new low on this last swing down, which will likely look like a long wick on the hourly chart by the end of today.
Take advantage and buy discounted 1030 strikes for July 10th expiration.
This will melt-up, rest assured.
-Replacement Pig
Going to short here into next weekMIght eat crow, but risk/reward too good, ok to take a loss if Monday is up.
keep it or buy more Technical indicators indicate that the market is above the safe line; It is expected to continue rising in the coming days
Shopify - Quite RiskyShopify is an example of where the stock keeps going up ahead of its fundamentals that it has become quite risky even for trading purposes.
The risk reward ratio is no longer there to justify to putting large positions here. This is an example where if you bought on the breakout at lower prices, you will get rewarded immensely if you keep holding until now. It is about reducing positions and taking profits.
Anyone who all in at this point is rather crazy.
What I want from Shopify is for it to cool down, let fundamentals catch up with it and then we will evaluate and see whether there is another possible entry in the future.
Not something I want to touch at this point. Can shopify double from here? Maybe. But what is the probability? Given that its Price to Sales ratio is now around 60, Price to Book Value is 30. There are numbers that you don't see unless if you go back to Dot Com bubble.
Sooner or later, the price will correct itself. And it may be fearful that most people will be left holding the bags and need to bear the burden of major corrections.
Parabola don't last forever, eventually it will end.
Investing/Trading is all about risk management and position sizing.
Don't message or try to reach me.
