So you should know this buy now www.cbc.ca And if you are from Ontario and over 19 years old, I bet you also know what happens on October 17, 2018. www.ontario.ca Shopify Inc. (Nasdaq: SHOP) is a company that’s about to make billions from the end of marijuana prohibition without ever touching the leaf. It’s the online retailer – not Amazon.com Inc. (Nasdaq:...
SHOP bearish engulfing today, looking down at the highlighted supports. Given the market weakness and the loss of RSI support, I would be looking to play a higher low compared to 132.63 for bull entries, especially anything other than a day trade. A patient bull will wait for hourly trend to change so there is a new support established.
Looking at the technicals, this stock will make at least a buck tomorrow, 8/13. If you look at the daily movement on the stock, you can easily see that the stock moving average is heading to its middle Bollinger band at $156.71. Now, the weekly movement is generally down so that may turn this stock down. But the weekly has found a floor in its weekly middle...
$SHOP Oversold at 200d support - expecting ~$133 area to hold as support at the 200d ema line. Expect a bounce near term from this level.
This Chart Pattern Looks extremely familiar. This is my thoughts on how SHOP will trade.
$SHOP Shopify appears to be holding the longer term trend line after bouncing off support around $151.00 yesterday. Both RSI and MFI are beginning to reverse from oversold territory. Expecting further price recovery in the near term - will monitor for a break of the 50d ema for confirmation. Short term target - $162.50 (gapfill) Medium term target -...
If we can maintain above the Support level (Red Line) at $203 by the end of this week, I predict we see a nice climb into the $225-$235 range over the next 2 weeks.
TSX:SHOP This company has a very big potential and I was expecting price to stop ascending to give it a shot.
Shopify looks to be in a support area, with lot's of strong fundamental news coming down the pipeline. Provided the greater equity market stays bullish, this should make a run for the $235~ area sometime this summer.
Updated target is the first intersection of purple and green lines.
Heads up. MELI Online E-commerce superstar out of South America is potentially forming a head and shoulders formation on could be an opportunity for some great trading in the next 3-6months on this fast mover. Discounted Cash Flow Model produces a valuation of $440 using historical growth and margins in forecasting method - around 32% revenue growth. This...
Today SHOP made a lower low, but is still holding the 100 day sma on the daily chart. I'm putting an order out there for a limit buy at $110 with a stop at $100. She may hold here and continue higher if the overall market does too. Let's see what happens :D
Observations We are currently in the intermediate 3rd wave of the major 5th wave. Based on Elliott wave count, it appears that intermediate 3rd wave is complete which means we are due for a correction. Expecting wave 4 to be a small correction within 0.236 - 0.382 fib zone as wave 2 was a very significant correction to 0.786 fib. Target price for the...
SHOP Trending Higher Color Green Number 1
Sell the Feb 16 SHOP 100/95 Put Credit Spread for $0.65 or better, for a 13% (not counting commissions) return within 35 days. Stop loss should be if the spread increases to $1.30. SHOP has held the 61.8% retracement of the Sep 17 high to Oct 17 low and is clearing the way for higher moves. Playing it with selling a put credit spread and receiving $65 for every...