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Shopify

SHOP - Nice bounce- going to $1460If you saw my previous post "SHOP- The Big Picture" then you would see that SHOP has bounced at one of my trend lines higher than I expected. I have followed this stock and made a lot of money on it since the $200's. I really think after Friday and the bullish close that we are going to $1460 were there will be resistance. Can we break through the 52 Week High recorded recently? That will be a major test. If it does pass $1500 the next peak will sell off so be aware of that.... GL!
SLong
by sid72
SHOP - The big pictureShop is having a great run, but a pullback is in the near term whether after even a higher spike on earnings or prior to earnings . These are the long term trend lines where the bounce from a pullback has happened over the long haul. I feel that somewhere between 1250-1300 will be the next bounce. Someone posted that it will pullback over 50%????? ah NO WAY! Even in COVID the lowest percentage lost was 44%. The only way that will happen again is in a market crash. So this is the big picture..... GL!
SLong
by sid72
4
SHOP Short going into EarningsNYSE:SHOP has showed weakness in its consolidation and appears to have distribution of shares taking place. The volatility is evident in its volume and jumpy prices overnight and otherwise. It closed above its weekly value and short 2 weeks before earnings makes sense due to the likely increase in option premiums. While the market Shopify covers has become saturated and profitable, if there is anything less than expected earnings reported a short now could be a nice leg into a longer term position. My two short term targets are on the chart one at the bottom of it's trading range and one right above an area I expect to hold some nice liquidity. My long term target (post earnings) would be closer to the November highs for Shopify.
SShort
by crawfordpaul
Shop on the move! Squeeze and S Triangle on the Day.We had a Squeeze on the week and are about to have a Squeeze on the Day both with Momentum above zero :) . We are coming to the end of the S Triangle and with that are going to come new highs. The next couple weeks should be interesting.... GL! BTW... I own SHOP, AAPL, ENPH, TSLA, and of course SPCE (Goldmine!) All are on the move and I recommend all of these. Other that SPCE who's profits will surge later this year all of these have high Revenue and Net Profit Margins. Others I follow and buy or swing time to time MKTX, QCOM, SNE, TTD, NIO, CRWD, DDOG, SQ, IRBT, MA, V, GS, JPM and of course AMZN.. and many more
SLong
by sid72
Shopify, Inc. (#SHOP) - First target @ $ 980NYSE:SHOP Technical Analysis: Shopify, Inc - SHOP 💡Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems #SHOP has been one of the stocks that benefited the most from the Covid 19 crisis: in March 2020 the price was at $ 350. Since July 2020 the stock has enter in a consolidation channel between $ 900 and $ 1,100. 📈 From a technical perspective, the stock has been posting lower highs since the beginning of October and it is now consolidating on the lower side of the channel. The MACD is approaching a reversal and with the RSI at 42 the stock has room for a potential upside. We exclude for the moment an H&S pattern and we identify to target prices: the first one at the 50MA and the second one on the higher end of the channel Buy price $ 914 First target $ 980 (+7.19%) Second target $ 1,080 (+18.13%) Stop loss $ 820 (- 10.31%) Follow up for Premium members www.otbglobalinvestments.com
SLong
by F_Investments