With a previous 7.40% intraday surge, after the previous earnings announcement and an earnings bet of +0.13 Cent per share compared to the Wall Street consensus, we can expect SHOP to similarly behave this time around and are slightly bullish, as the company continues to grow and is on an overall uptrend. However we position ourselves neutral, as the company's...
SHOP - Shopify has become a little ridiculous. Pick your spots where it seems overly exuberant like yesterday. I purchased put options. Good luck.
Shopify has shown a consistent upward trend above the 180 day EMA. RSI is oversold and has reached support. Wait for confirmation with higher highs and higher lows for a potential 5% return on Shopify this week.
Price seem a little to high for me and I expect a topping effect and possible pull back. Set your stops!
The trend should continue based on the technical analysis performed. Catalyst thus far are positive which drive the stock's price upwards. The next level of resistance is @ $326 .
For the past year, SHOP has been nothing but sharp impulsive move up, followed by consolidation until recently where we had our first sharp move down. It looks as if bull run could be over. Other indicators looking bearish as well, RSI, etc.
Monthly looking parabolic. Check out the last two candles on the daily. Shooting star indicates possible trend reversal.
Shopify share price tripled compared to Tesla confirming accurate technical analysis Strong Buy since IPO $20
Currently Looking at July 19 Aug 19 call options. IDEA: FED JUN 19th hold rates + China snubs Trump at G20 on 29th.
Ticker : SHOP Entry : 140 to 147 ishh Stop Loss : 116 Ishh for now Profit Range : 200 + Holding period : 4 to 6 Months or May be 12 Months
$SHOP Shopify Topping Out - Correction Upcoming - Rising wedge pattern on daily - Bearish - Volume & MFI divergence vs Price entire month of May - Bearish - Price/Sales Ratio now over 25x (all time high for SHOP) vs most other top growth SaaS companies in mid-teens - Bearish See chart for near and medium term targets. For a possible options trade , I'm...
This one has had a good run. It looks like it has rolled over. I have my money on a pullback to $253-$255 (20 Day SMA) level at the very least. Happy hunting. SHOP
We're way beyond reasonable valuation at this point. What we have here is a bubble that's gotten out of hand. See $TLRY's momentous run up last year, what goes up must come down. But how and when? $SHOP is a pure momentum stock that people keep buying out of FOMO, it only just over 8 Million shares, which means it will move on you...FAST. THIS IS NOT FOR THE...
Massive run appears to be topping out. Zacks just rated them as "bear of the day" because "they just don’t make very much money." Overextended after nearly 80% run in the last 4 months. Stock is not HTB Short around 214 Target 1: 208.87 --- 2.48% Target 2: 198.61 --- 7.3% Target 3: 184.15 --- 13.8% Target 4: 170.22 --- 20.55%