Hello all, As you can see here on the 15-minute chart we are in a channel. I drew these lines and supply zones on the hourly chart. I am looking for a bullish breakout and retest of resistance with a high volume bounce off with good volume on the Hiekin Ashi candlestick chart. I am looking long because the market seems to go where the liquidity is. Thank you for...
Shopify is going up, look at this beautiful move off of support with great volume. TP1 is 25 EMA, and TP 2 is POC of volume profile. This chart is beautiful.
Looking for consolidation and/or bounce with volume on NYSE:SHOP this upcoming week to get long.
Overall market cooperation is likely needed. Especially mega cap tech and semis. Those charts aren't looking good. So relative strength (consolidation) may be interesting for long with stop just below prior resistance/pivot?
Bull momentum of Shopify has been completely released
This chart shows the weekly candle chart of Shopify stocks over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, since the completion of the form at the end of October 2022, it has risen by 4 small bands, and theoretically, the...
I am long in SHOP and targets will be huge. Wait for my analyis and if you do understand the trade then enter it. SPY SHOULD RETRACE MORE SOplan your trade accordingly
If you haven`t sold SHOP here:
or considered this buy area:
Then analyzing the options chain and the chart patterns of CAT Caterpillar prior to the earnings report this week,
I would consider purchasing the 67usd strike price Calls with
an expiration date of 2023-8-11,
for a premium of approximately $3.50.
If these options prove to be profitable prior to the...
Introduction
Shopify Inc. ( NYSE:SHOP ) has been garnering significant attention in the stock market as it breaks out of multiple weeks of consolidation. This Canadian e-commerce giant has witnessed remarkable growth over the years, and recent technical analysis suggests that there is substantial upside potential for the stock. In this article, we will explore...
Shopify is emerging from a beautiful Stage 2 base.
SHOP is up more than 100% since the start of a year – a clear sign this is a market leader.
Notice how volume is higher on the rallies up and lower when the stock pulls back. This is a subtle clue that buyers are in control and the smart money is building a position.
The breakout on Thursday came on 2X its...
Shopify needs no introduction. If you bought something online from anywhere other than Amazon, the sale probably ran through Shopify.
The stock is up 175% since October and proving to be a market leader.
The recent action shows shallowing retracements on declining volume – a textbook breakout pattern or "VCP Pattern" as described by Mark Minervini
I would...
SHOP is ready to pump 45 %.
We can see an inverted head and shoulders pattern. We got a higher low which shows a demand.
The target is shown on the chart($60)
You can put a stop loss below the head of the formation
Yet another Wyckoff pattern. I believe this pattern matches the Wyckoff schematic shared in the chart. I am making my list and checking it twice...
Wyckoff checklist:
PS—preliminary support, Done
SC—selling climax, Done
AR—automatic rally, Done
ST—secondary test, Done
Spring - optional, Done
Test— test, ACTIVE. We are looking for a series of higher lows to...
It's been 10 months since we last analyzed Shopify Inc. (SHOP) and called for a $60 target (see chart below):
The stock recently hit that level and we now see that it's trading within a Bullish Megaphone/ Channel Up combo pattern. With the 1D MA50 as its Support and recent strong fundamentals, we now set the next medium-term target at $75.00 to fill Gap 3....
NYSE:SHOP
Daily timeframe
* Breakout of the bear flag, I think it goes to $72.90
Bull: If price breaks above the December 2018 anchored vwap, $72.90 is next
Bear: A rejection off the December 2018 anchored vwap, a move back to $39.80
