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Shopify

SHOP - Shopify Sell BubbleHello traders, Description of the analysis: Shopify selling bubble speculation. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
SShort
by Jacob_Kovarik
Shopify: Unusustainable Parabolic Move Analysis 1D, 1W (May 25)X Force Global Analysis: Shopify, a multinational e-commerce platform located in Canada, has shown extremely strong bullish momentum for the past few weeks. In this analysis, we take a purely technical approach, and explore the bearish signs emerging from Shopify's intense bull run. Analysis - On the left hand side, we have the daily chart for Shopify (SHOP) - The first thing we notice is the number of gaps that have been formed on the daily chart - While Shopify has been on a bull run, it has been trading in an extremely choppy trend, forming gaps from $772 down to $367 - This excludes the gaps that have been filled by the candle's wick - Counting Elliott Waves, we see a textbook impulse wave count (12345) - While we are currently completing wave 5, it is hard to confirm whether there is more upside, or whether we have topped out, as this is a record high - The Relative Strength Index (RSI) is extremely overbought on the daily - While the Moving Average Convergence Divergence (MACD) has negated its death cross, the bullish histograms do not demonstrate much momentum either - The envelope indicator demonstrates that we are overextended on the daily, potentially looking for at least a pullback - On the right hand side, we have Shopify's weekly chart - The weekly chart demonstrates a clear parabolic trend - We can spot an extended bearish divergence, in which we see higher highs on the price, and lower highs on the RSI - It's also important to note that the RSI is at overbought regions on the weekly too - Parabolic trends are unsustainable, and even if we were to see a correction down to test the parabolic trend, that would be a 50% move down from current price levels What We Believe While Shopify is a stock that is sound fundamentally, technicals demonstrate clear signs of prices having been overextended and the stock being overbought. Trade Safe.
SShort
by XForceGlobal
Shopify Hitting New Highs - Strong Growth Stock- NYSE:SHOP has a market cap over $82bn and over 1 million small business customers - definitely one of the best growth stories over the last few years. -Technically it's maintained a strong uptrend and recently stayed within a steep narrow uptrending Pitchfork. Over 136% since its April 20 lows. - Some concern that this current run up isn't sustainable - we are seeing negative divergence. - Want to be a buyer but not at these prices - will be waiting for a pullback to the identified demand zone or when the Connor's RSI hits the buy zone. Don't expect to see prices coming down to the April 20 lows anytime soon. We might see a bigger price reset once we get out of the Corona world - shopify is extremely attractive in the Corona world.
SLong
by Tuhi_Capital
SHOPIFY; SHOP Till You Drop... Should We Go Long Into Earnings?✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Heeeeeey, u up? Sorry, talking to this SHOPIFY chart, and the answer is "oh yeah!" Honestly, if you like bullish charts, then you'll love SHOP. SHOP has had an absurdly profitable run since 2016, and our Momentum Mover strategy has constantly caught runs in that uptrend. Let's see how this current long plays out. --- 1. Everyone is home from Coronavirus and expecting good earnings potential. Short to Long ratio volume is having an uptick as of the last week so short squeeze maybe? Looking for a long setup based mainly on these reasons and here is how we will try and act on these factors. 2. Fractal Trend is showing an uptrend (Green background color) for SHOP on the hourly. With our Momentum Mover strategy we take long positions when Fractal Trend signals an uptrend AND then Breakaway Scalper signals a long entry in the uptrend by showing a Green bar color. We only trade with the trend, and the trend is good with SHOP. 3. Right now we are seeing R1 acts as resistance forming what could potentially be a local top (but for now just looks like consolidation). 4. If we get a break down from R1 we will look at S1 - S4 for support. Ideally we will see S2 or S1 hold to ensure a higher low and a that the bullish structure of the uptrend is retained. 5. Whenever we find support and get a Long entry, we will be using Breakaway Scalper's built in static stop (yellow line) to lock in profit or limit losses based on how much upside we have seen.
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by AlphaBotSystem
Shopify and ETSY: Covid and Earnings CallFirst off, please don't take anything I say seriously as this is opinion basis. That being said, let us get into my insight. I believe due to the Coronavirus, likely online shopping and e-commerce have seen a spike in activity. This is due to people shopping online more. Not just e-commerce went up, but so did remote collaboration and other sectors as well. Looking at both Shopify and Etsy, the earnings calls for both companies seem quite soon, and even though Shopify went up tremendously, I think a $650+ target could still be reasonable. In terms of long gain potential though, I think Etsy may take the cake at a really lower cost stock, but only time will tell. It is still to early to call that. Both stocks are medium to high risk, and a lot depends on the earning calls. I think though it may be worth the bet, but there are other assets that have higher gain potentials as well (with lesser risk). As I said in 2018, Shopify still seems like a gold mine and is an example of one of those startup success stories or the American dream (well actually Canadian dream). Also keep in mind, in 2015, Shopify's IPO offering price was $17 and the early trade price was $28, meaning in 5 years you could have seen a 23 to 38 times profit for your investment.
SShort
by gamer456148
SHOPIFY INC| One of The Most Top Dog Stock| 27th Apr 2020"When movement control order period extended, any related online is boosted.." -Zezu Zaza Webinar 22nd April 2020 The best part in online business is you can do your business worldwide without any restraint. One of my most profitable stock trading. People highlighted to you about this stock. Why? Because it is not popular compare to biotech stock or trending pharma stock right now. People still using online business and e-commerce to make income or selling product online. This is why when MCO extended, this stock skyrocketing. Just because all people in the world using their service and pumped up with volume. If you love this stock, please also look to other e-commerce stock as well. Most of e-com out there are right now skyrocketing. Watch the Amazon right now and JD.com. I am sure you will love to trade this stock as e-commerce stock is one of my favourite stock to trade after biotech and others. Our MCO has been extended until 12th May 2020. Trump not yet to re-open the economy. Just ride the bandwagon. Btw, this stock earning report will come on 6th May 2020. So standby. Most of spike will occurred as soon as the earning report release to public. Thanks. Regards, Zezu Zaza 2048
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by Zezu_Zaza
2
Shopify, this isn't going to end wellThis weekly candle might be the most ridiculous thing I've ever seen. I don't need to provide any commentary, but I will :) Market cap of $54B & revenue of $500M (that makes sense) Net income == rounding error Horribly opaque about drop shippers, users, and platform data Trading at a forward P/E of 3,300 No real debt on the books, a positive, but the only one I can see People are always looking to find the canary in the coal mine when it's about to hit the fan. I thought it was the ultimate meme stock TSLA, but it could just as easily be this stupidity. I certainly don't profess to know how high this will run, but the fall is going to be something to see. No position yet, that will be changing in the near future, possibly by 9:45a on Monday.
SShort
by DogEars