Shopify - Intraday - We look to Sell at 39.88 (stop at 43.43) The primary trend remains bearish. Price action continued to range between key support & resistance (30.00 - 40.00) and we expect this to continue. Bespoke resistance is located at 40.00. Resistance could prove difficult to breakdown. We look for a temporary move higher. Our profit targets will...
A few days ago Shopify managed to break out of the range but it seems that it was a bull trap as the price came back into the range. We believe that after the fake breakout to the upside that we had, it´s more likely now for Shopify to break down. We had a bearish cross on MACD and RSI on daily timeframe is not even oversold and it has more room to the...
SHOP has consistently been taking the 29.81-31.79 levels as support multiple times. This level might not hold longer, causing the stock to plummet to the 28 or 26 levels soon. Short term bearish.
in the horizontal trend expected to break the resistance ..
wait for $33 for above $60 for now , after another down is going to make more money
SHOP has consistently been taing the 29.81-31.79 levels as support multiple times. This level might not hold longer, causing the stock to plumet to the 28 or 26 levels soon. Short term bearish.
SHOP has been accumulating for months, same like META. Sometimes companies take years to accumulate like this. Trade in a channel.
Shopify was more or less Canada's version of TSLA or AAPL last year, except it cratered like a memestock. If you look at the monthly, it's an absolute bloodbath, losing 83% in less than a year. Although prices are currently "cheap" and SHOP seems to be an actually useful company that may have a future, you've got a long way to go before the buying...
Shopify Short Term We look to Buy at 30.49 (stop at 28.39) Previous support located at 30.00. There is scope for mild selling at the open but losses should be limited. We look for a temporary move higher. Preferred trade is to buy on dips. Our profit targets will be 39.51 and 42.30 Resistance: 40.00 / 51.12 / 70.29 Support: 30.02 / 29.72 / 16.90 ...
we have good signal idicate that the market is long but we still dont have good confirmation well wait and see what happen next
The market has been moving higher nicely over the past few days, particularly in growth and tech stocks, however, throughout today's session we saw that momentum reverse with a large number of outside reversals and stocks trading from green to red. Most short and medium-term trends remain in tact higher.
Shopify has seen a massive sell-off for quite awhile now and looks like we might be bottoming out for now. We need more time to determine if we are still bearish or reversing. I would like to see a break through those red resistance levels before taking a position.
Shopify is good stock if you are thinking about adding an E-Commerce stock to your watchlist/portfolio.I think its really Shopify vs Amazon in they both just performed a stock split. It is currently showing a possible sign of basing, but I think it has a way to go down! The original Heavy buying positions from IPO '15 is the $13.10 area! The next set of buyers...
Looks like SHOP has finally found a bottom at around $30 and is now trading inside an accumulation range between $30 -$40. Also volume has picked up since may and I expect a first take profit target of $70.
Opposite the Wyckoff Distribution is the Wyckoff Accumulation. This is a sign of buying from big money. It shares many elements of the distribution and is broken into 5 phases. I will briefly outline them below... =================== Wyckoff Accum Phases Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. We...
Shopify (SHOP) has been consolidating within an Accumulation Zoen since the May 11 Low. At the same time the 1D RSI has been on Higher Lows indicating a hidden bullish sentiment. The last time we saw that recently was during the September 24 - November 29 2019 Accumulation Phase, which was also on 1D RSI Higher Lows. A strong rally followed after the pattern broke...
Beaten down Index wants to fly Nice zone to accumulate 50 buck target NOT TARDING ADVICE GRI 2022
SHOP (SHOPIFY) Nice rectangle pattern with prices ranging 30 and 40. Rectangle can be either continuation or bottoming/reversal patterns. Now trying to break the top of the rectangle . Price also above EMA 50 which is positive. A firm break of 40 would trigger a long trade to 54, with numerous resistances on the way, including a gap (see lines on the...