Even with the negative earnings, Shop looks like it wants higher. I could see $shop hitting $59 before falling lower. I think the move would play out before March 3rd. Let's see...
Hi traders, for SHOP i see a test of the trendline around $39 which is also the .5 fib level from the uptrend started begin of 2023. Afterwards, we should hold the trendline and see the 2023 highs again. This is no financial advice.
I've used a few tools and indicators to predict Shopify share price over the next couple weeks Not investment advice I believe SHOP is massively undervalued, with some exciting projects coming soon. We saw an ATH @ around $172 in Nov 2021, and since then the price has dropped around by over 4x less, to about $40. This is around $15 above the ATL. However, £SHOP...
Inverse H&S pattern developed here. The price might shoot up another 48% from here to 72.85 level. The same pattern can be observed on several other stocks. Of course if price falls below 35.50, this idea will be invalidated. However, looking at the structure of the overall market, it seems likely that the price will keep rising higher in the coming days at...
Inverse H&S pattern developed here. The price might shoot up another 48% from here to 72.85 level. The same pattern can be observed on several other stocks. Of course if price falls below 35.50, this idea will be invalidated. However, looking at the structure of the overall market, it seems likely that the price will keep rising higher in the coming days at...
Nothing better than a bear market if you wanna make life changing profit. I have been following Shopify since May 2021. Clarified where I will begin to buy. 40CAD and 23CAD were 2 of them. Went long at 40 and will add at 23 if it keeps dropping. 40 was 2019 support 23 is 2018 resistance My target is between 100-150 I am a long term investor and has alot of...
Shopify (SHOP) potential long play The e-commerce company rose nearly 5% after being upgraded to buy from hold by Deutsche Bank, which said brands are growing increasingly interested in Shopify. Price action via the weekly chart view has formed an inverse head and shoulders pattern, testing the neckline area $43-44. A break above could open the door for a fast...
The Shopify stock is currently wandering off to a shopping spree in the South and could get dangerously close to the alternative scenario, if it crosses the support line at $32.35. This would implicate further downward pulses until the turquoise wave alt. B hits its low. Primarily, we expect the course to get back in the saddle to exceed the resistance line at...
MELI is like a hydrid between Shopify and Amazon on the South American markets Fundarmentally its revenue compared to market cap is more favorable than either of those. On the weekly chart, MELI double topped to its historical high in February 2021 and September 2021. It then descended to a pivot bottom in July 22 The chart now shows a large green engulfing...
BingX’s Bitcoin Chart In the first trading week of 2023, the market was still consolidated with extremely low volatility and trading volume. Bitcoin's volatility has hit record lows one after another, and a new round of changes is brewing. The probability of Bitcoin's upward turnup still exists, but it needs to wait patiently for market confidence to...
Shopify is currently on the verge of dropping further South to complete the turquoise wave B in the middle of the turquoise target zone between $34.35 and $28.22 before turning the course back North to exceed the resistance line at $45.43 in order to complete the pink wave (A). Our alternative scenario implies an earlier surpassing of the $45.43-mark instead of...
Shopify Short Term Target $42 and may retract to $29 to fill gap
$SHOP just formed another lower high which you can clearly see looking at the chart from the daily timeframe. I think we're about to see one more drop from here which bottoms around $17-20. After it reaches that range, I think that will be the setup for a longer term bounce.
This channel is still holding up even with this last move down all the way into the $60's. ETSY's next Wave up is going to be strong and not looking to stop. I see this one going to the 1.618 level before pulling back for another entry. I am still keeping an eye out for the fib level 1 which could be the C-wave.
Short term short trade for shopify. Short at 36.50 initially potential pull back but higher short at 38-40 will monitor. It's recently broken out of a descending channel due to earnings. I expect momentum to potentially continue depending as it looks like the indices want to extent a little further before pulling back. Confluences for trade...
When two S/R's, each of higher magnitude, get taken out in one day, it makes a statement. Assuming we close above 32.83 (ORANGE), the bulls are set on 38.45 (RED). S/R's in action.
Heres my current cheat sheet update for those wanting to trade Shopify and or buy for longer time horizons (investing) instead of trading. Buy GREEN and Sell RED and ill update its level by level as the stock progresses. With each level you move up just realize that the volatility and RISK increase as well. Should you decide to begin increasing your position...
SHOP monthly bearish hammer retail wave 5 of downtrend, pretty low, but wave 5 is probably coming. Stop loss above the hammer.