SHOPNot sure if a true IHS but looks interesting to me especially at it sits close to good resistance ... and lower section of the daily Bollinger Band..
SHOP trade ideas
Shop Bullish 920 > 1000 on PLsSHOP
Today's Date 11/18/20 3:11pm
Long
TLDR: Wait for bounce down on 786 fib, buy at PL 920, ride up to below 1000$ and sell at this psych line.
Reason: PL $920.00 is strong from May. Multiple rejections on 4hr. Shop has broken the 1000$ mark before, but it's hovering just below that mark. Don't ride up to all time high, set a tight stop gap and ride to 1000$.
trading zones shop as of 11/15/2020Just some zones to buy and sell shop stock. not much to it other than what you see here
Shopify Short SetupNice H&S here on SHOP. Watching for a break below the neckline in yellow... Could see a pretty good retracement given the huge run-up SHOP has had this year with relatively little volatility.
Played thru the targets.... what a thing of BeautyI am not in this but it appears to have a quick abc very bullish id expect a higher high coming
SHOP Continuation BreakdownSHOP has broken below its support of $900. Its still suspect to the rotation out of 'Stay at Home' stocks. I expect another day of selling until the 840 area where it will find support again.
BUY 960C SHOP DEC 4 With festival season coming SHOP looks a buy at this dip..... Can try 960C DEC 4 STOP LOSS AT 880
Approaching 838 Support and H&SShopify approaching supporting area ~838-839 and making Head and Should pattern. It should hold that neckline area.
$SHOP posted positive earnings with a Bullish outlook$SHOP posted good earnings with the PEAD projecting a bullish outlook for the stock, Price is currently trading between the lower boundary and the median line.
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SHOP inside daily candleset your alerts from todays high and low on SHOP for tomorrow. if it breaks either with volume, i'll be throwing down til it hits my target to whichever side it broke.
SHOP: SHOPIFY...UPSIDE POTENTIALWATCH price ACTION carefully ...
ALT: RED-TRACK...25% Chance DIP down before going UP
SHOP: Double TopDouble Top
Pros:
Descending volume during formation
PPS below 50MA
RS descending and below 0
R/R ratio above 5
Cons:
250RSI above 50
200MA ascending
ATR ascending
PPS still above 200MA
If confirmed:
PT = 652.58$
Technical Analysis for SHOP TSX 30th October 2020Entry point would be 1290 to 1297, BB is pretty much squeezed, seems like a good point of entry, if it breaks down further would wait until 1225-1240 the next level to enter. Watch how it behaves in the morning. Good stock for day trade and swing trade.
Retrospective analysiscomparison of where i thought the top would be initially to where the current top seems to be. Timing off by several months
SHOP earnings 10/29 price target $1200SHOP earnings are on 10/29 pre market. I expect it to fly past it’s 52 week high of $1146.91 and hit $1200 by the afternoon. Good luck and happy trading friends...
Bearish trend, reversal close to earnings? head and shoulders pattern in the formation since july. can expect it to drop to 971, the neck level by end of week as MACD entered strong bullish trend and closed below 50 EMA today. The only saving grace is great earnings which might drive it up but no surprise if it loses 887 where it found a lot of support.
SHOP TSX : Technical Analysis - 21 Oct 2020Based on daily time frame : Shop is currently in its down trend seeking its support levels S1 : 1270 and S2 : 1200. RSI is also depicting a downtrend. Anticipated buying range could be in the range of 1270 - 1290. If it breaks S1 at 1270 next buying area will be around 1180 -1200. Since earning date is near on 29 Oct, it is likely that the share price may go up after touching S1 level. Based on the historical trends shop's share price tend to go up a day before its earning date and is very short lived. Take your decisions accordingly for a short term gain.
