SHOP - Key Level of SupportShopify needs to hold the Key Level of Support at 1080 otherwise it gonna fall to 927, 799, 633
SHOP trade ideas
Long position in SHOPshop looks good here for a long term entry.
Consolidating for a while so i think it will move up soon. Took a dip off good earnings but i except the money and volume to come back soon
Needs to break 1.4k for confirmation of bullish activity.
Rsi and 20 ma hint at a possible reversal.
A great e commerce pick for the future.
SHOP bounce already from the channel support - SHOP bounce already from the channel support
- Earning Date MAY,16 expect big move coming next 2 weeks
GOOD LUCK
SHOP could head to $690Do your own research, this is not financial advice.
I see a potential "Complex head and shoulders" top pattern forming in SHOPify. If it breaks the neckline it will confirm. Potential targets are outlined where a bounce has a high chance.
$SHOP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SHOP after a Positive over reaction following its earnings release placing the stock in drift B
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SHOPIFY ($SHOP) Technical Analysis Huge potential buy zones at the end of an ABC correction. Very easy buy zones at 884, 808, and 744.
SHOP was up last week, but ..$SHOP reported strong 1st quarter numbers last week (week 17 of 2021) and finished the week up 7.2% (moving from $1099 to $1182).
The Q1 earnings release was initially met by a strong price movement, which was quickly given back over the following 2 days disappointing most investors.
The 20-week linear regression line is currently at $1196, a minimal uptrend.
But $500 point sell-off after Q4 2020 earnings release (which was followed by a spot secondary offering of $1.55 billion) remains the most dominant price movement over the past 20 weeks or year for SHOP.
It is a volatile stock, and there is no reason to expect that to change. Opportunities to trade options will repeatedly present themselves. The “new normal” in the post COVID economy will still be dominated by e-commerce.
I’m biased towards the bullish side. Worried about a broader pullback in the $NDX. And trying not to react to every $50+ price move in $SHOP.
I intend to add to my $SHOP position with DITM calls (or spreads) if it falls within that lower portion of the VPVR price range as shown ( approx $950 to $1050).
$SHOP if you liked the price yesterday...Then you should really like it today! Glad I exited the calendar yesterday, today looking for a deal somewhere, could be this...
$SHOP well done...Closed a $1,350 calendar spread this mornings for 700%, should have done a same week debit spread as well, but I'll take the profit and move on!
$SHOP no guarantees...But this "could" ramp into close with earnings tomorrow pre-market. Could grab a $1,350 next week call for $3.60, or $1,300 same week for $3.50, day trade and close out no matter what before end of day. Volatility "should" increase into close.
$SHOP example earnings play...4/30 - 5/7 $1,300 calendar call spread for $1.50. Give yourself plenty of time post earnings to get a move...if it runs up before earnings, could just sell for a good profit...
SHOP back to ATH by May- Why?
- Cup pattern
- Earnings catalyst on Apr 28th
- QQQ recovery
If that holds, 21 May, 1310 Calls ideal.
SHOP:Head & Shoulders (with a bearish flag on the shorter term)Id initiate a short/bearish position if it breaks that support (black) come next week, the stocks trading at an ATH, Zacks says it has an insane trailing-twelve-months P/E of 277.63X, comapred to the industry's 30x. The head and shoulders is a red flag, and a bearish flag can be drawn easily, with the line to the right shoulder from the head being the flagpole. A death cross just occured too (the 25 day MA slid under the 100 day MA). While I dont usually use MACD, it slid under the signal line too. So many bearish flags..
Tell me what you think, like to spread the message, itd mean a lot :)
AMA and Ill def respond
