SHOP trade ideas
Day 4 -30 Days to 100kMonday Pre-Market is looking very good. Tech sector seems to be roaring, a lot of action in the EV Market with California announcing a ban on gas vehicles by 2035. But on this channel we are looking for Options trades to make us quick gains. Friday we left off with a Chart of EHTH, rarely will I ever advise or suggest opening an Options position on a Friday, but with nice profit over the past few days I did purchase the monthly 10/16 Call option for 2.80 (4 in total). This is a riskier play and am trying to suggest charts where I see the most gains with less risk to downside. Here with Shopify we have been trading with a channel for some time now. And I do see a break-out coming with this mornings Pre-Market actions. With prices rising above the 200-Day Moving average. We will take a closer look at what we are going to play today. But right now I'm looking at SHOP, FB, GOOGL, AMZN and PYPL. Some we have already played, but if you find a pattern in a winner it can be very profitable. I will put out another chart closer to market open and what Day 4's play will be.
$SHOP - Potential long entry above 1000$ A viewpoint below (For long), Stock price has to stay above 842$.
Not for any advise
Just an Idea,
$SHOP Shopify Weekly review
Potential long entry on break above the 20ma.
Cluster of resistance at $992-$1000
Indicators in bullish reversal.
$SHOP About to Skyrocket Shopify has been hard climbing the stock´s price ladder for the past two years. Ever since COVID´s crisis, $SHOP´s price multiplied by 4, amazing return for half a year.
The tech sector pullback on the past weeks has affected Shopify making its price lateralize.
But, standing on a support and with great indicators, I think this stock is about to skyrocket. The MACD line is about to cross the Signal line below the 0 level, god tier Long-Signal. On top of this, the RSI has been increasing consistently and its now about to break the 50lvl, indicating the stock is adquiring strength and momentum.
daily analysis OF SHOPHi friends
the daily chart of this market shows with a high probability that it will experience an uptrend in the next few days but at the same time it is better to be vigilant of the change of direction towards the opposite
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SHOP - reversalBounced from a strong level
Three green days on overall red market
Engulfing candle confirming reversal
SHOPIFY : Swing, 100% Price ActionSHOPIFY : Follow the uptrend. Look at my other analyzes, great profit :)
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I predict with the best probability the future trends, my ideas are reserved for the experienced trader. #UniversTrader
SHOP Longhello fellow traders,
I'm still a beginner in terms of experience. However, I personally trade with supply and demand zones, and that being said I noticed on the daily the falling wedge and uptrend on 5 min, etc. of wanting to breakout from the demand zone. With the pattern and zones from the ema's I believe it could have room to run upward.
I am open for input and opinions I really do appreciate it!
$SHOP Shopify Day Trade
Potential relief | Bounce trade .
Stock found support on a major pivot point and
the Fibonacci Golden pocket which is positive.
Potential day trade to $897 to the 100ma &
previous pivot. above which $925 is possible
SHOPDown she goes. Room down to ~845 plus level to trade again on the topside, which is bottom of box (No position)
SHOP looks broken! Target 200 day MA ~~ 700?SHOP has been acting very poorly over the past couple weeks and broke down further today. Failure to hold this level ~~ 880 open the door all the way down to the 200 day MA around 700.
$SHOP Tests Key Range Support as Thematic Engine Faces Key TestSHOP is one where you really have to ask yourself, "is this bull over?" Because, that's the implications of this pattern, one way or the other.
The larger bull market is about this stock, in many ways. It's about the gig economy, and SHOP is the most dramatic manifestation of that idea -- with hundreds of billions of dollars from DC in the PPP program flowing straight to folks in this niche as well.
But our short has been up by about $100. And we would put our stop at $1000 and let it play out from here.
Shopify: hourly reversal Hello traders,
Looking at the hourly chart for shop, we are starting to see hourly reversal as indicated by RSI and MACD bullish divergence.
I am expecting shop to test hourly 50MA in next few trading sessions. Bitcoin is starting to move upward and most likely tech sector will follow as DXY goes down.
Happy trading!
