lets go shopping for SHOP $shopNYSE:SHOP
- uptrend continuous
- MACD 1D crossover
- Trend Intact
++ trade within your limits ++
SHOP trade ideas
$SHOP - bull and bear thesisNYSE:SHOP
Daily timeframe
* Breakout of the bear flag, I think it goes to $72.90
Bull: If price breaks above the December 2018 anchored vwap, $72.90 is next
Bear: A rejection off the December 2018 anchored vwap, a move back to $39.80
Retest support. MACD Buy. Target Next Resistance.1. Retest support.
2. MACD Buy.
3. Target Next Resistance.
4. TAYOR & Good Luck
3x bottom on weekly chartprice action + chikou span + AD ... w/ a low stoch rsi.. keep it on the radar. Needs to be above the clouds,
$SHOP earnings daywill be stopped out if the gap will be filled
lets see how the sentiment will be today
$SHOP to move higher targeting $75, $100?NYSE:SHOP broke out of a 8.5 month inverse head and shoulders pattern back in January, then went back to test the breakout level as support and has now turned higher again.
The first target for the breakout of this pattern would be $63.89, however, after we hit that target, I think we'll see a continuation of the trend higher and get to HKEX:75 level.
And if it can flip the HKEX:75 level as resistance, I think it can get all the way back to $100. I do think $100 would be the top though as it would confirm resistance from the area it broke down from.
Let's see what happens over the next 2 months.
Shop stock shopify : "Dont overpay for seeds, if you want trees"Shop stock shopify : "Dont overpay for seeds, if you want trees"
Taking a look at Shopify earnings and a decade of potential.
thanks for the request, i hope it helps. @ www.tradingview.com
Chart Update : SHOPThe price is still moving inside the weekly range, but the last wave after being rejected at $53.6.
EMAs are getting closer to that level, and they may help the price to make the final move.
Would shopify bless us with lower prices? I would be a buyerThe harmonic pattern is not complete, and is pure speculation. But I would be looking to buy down here if the downturn occurs.
SHOP, 10d+/-30.85%falling cycle -30.85% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
Shopify: Lift Your (Shopping-)Bags! 🧺🛍Shopify should lift its laden shopping bags – or are they too heavy? We expect the share to move upwards, climbing above the resistance at $57.50 and further from there. There is a 31% chance, though, for Shopify to make a detour below the support at $38.90. In that case, the share would develop a new low in the form of wave alt.(B) in magenta first before heading upwards.
SHOP Bullish! $50, $60, $70, $80On the Daily chart I am seeing an inverted Head and Shoulder pattern where the price has broken above the neck line and held the back test.
I think we are looking at price targets of:
$50.00
$60.00
$80.00
The $80.00 is a price gap.
I think if the price breaks below $43.00 that could compromise upside potential.
-Not Financial or Trading Advice!-
Weekly Levels: SHOPNext Support and Resistance Area for $SHOP
Identified on the chart the next possible Support and Resistance, where the price will exit this trading range.
SHOP | Bearish ABCD PatternWe have observed Bearish ABCD Pattern. We will take entry of sell stop if the trend reverses from point D which is also a Potential reversal Zone (PRZ) after the confirmation of bearish divergence on RSI and new trend formation with LHs and LLs.
$SHOP Inverse Head & Shoulders$SHOP has a beautiful IH&S pattern on the chart right now. Neckline at $45, which were currently consolidating right below. The low was $23, so the measured move would be to the $65 area. Possible breakout soon.
SHOP - Rising Trend Channel [MIDTERM]- SHOP is in a rising trend channel in the medium long term.
- An inverse head and shoulders formation is under development.
- A decisive break of the resistance at 57.16, ideally with an increase in volume, signals a further rise.
- SHOP has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 44.
- SHOP is between support at 42 and resistance at 53.
- The RSI curve shows a rising trend, which supports the positive trend.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
SHOPIFY Stock Chart Fibonacci Analysis 031423 1) Find a FIBO Slingshot
2) Check FIBO 61.80% level
3) Entry Point > 42.5 /61.80%
$SHOP two scenariosNot financial advise just a study. $SHOP two scenarios.
Scenario one. Recovers the top of broadening formation and moves up to fill gap at $80
Scenario two. fails recovering the broadening formation and goes to the lower part of it and finds support at yellow line.
Remember is just a study and not Financial advise.
Thank you
Alex!
SHOP long tradeShort term change is trend. On the weekly, break of prior resistance. Bulls seem to be stepping in, taking the market rate to step in for a long position and exiting before the bears step in at the monthly ema.
SHOP LongShopify bounced of support of inversed Head & Sholders pattern. Looks great for a long position
SHOP Long - Accumulation at SupportSHOP has had a massive selloff along with other tech companies. Nice tight consolidation near lows with an increase in Volume = accumulation for a leg up.
$SHOP - Bounce off Prev Resistance / Accumulation levelTrade Idea working so far. Ideal scenario is hold above the top of the range + overall market to make new pivot high.
