Drew this chart almost 2 months ago, and it's been hitting its trendlines perfectly ever since without any adjustments, which lead me to believe that this will continue on in this fashion for the foreseeable future Leaning more towards a long position here with entries on the small dips in between these two major trendlines
Swing pick for the week. SHOP is looking great after this mini correction. The bottom dotted line is a trend line, with two targets listed. MACD and STOCH are looking great too.
If Shopify breaks 166, I believe there's an opening between this range to make a day trade, as illustrated here. The momentum has shifted, and as seen by the shifting bottoms.
Shopify Long again since 145 USD today
Shopify still looking down... not much to stay. I prefer to wait for the upside to arrive... lets follow
This is my first published idea, just wanted to get peoples thoughts and wanted to start publishing ideas. They are currently suck in a channel and are at the bottom. Their RSI is also indicating that they are oversold and the moving averages are crossing signaling a breakout. With Shopify also setting up in the Canadian market to help be the POS for pot they are...
TSX:SHOP NYSE:SHOP This call is primarily based on price action and risk reward. We can see a lower low being pushed on the daily time frame but over last week price rejected the $173 level. The other notable mention is the Risk to reward ratio, with a bottom formed we have an excellent place to set our stop knowing the trend would go bearish is it was...
SHOP.TO is tightening up on the daily as price forms an equilibrium. Decreasing bull volume on the daily tells me we're likely to set a lower high relative to 199.50 before coming back to test the uptrend that's held since Dec 2017, and set a higher low relative to 172.95. Volume within this pattern will be key clue about how the pattern will break
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:...
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...
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.
Shopify is one of those stocks that went really up the past few years and is sort of a gold mine in the startup world. More and more people are getting interested in dropshipping and e-commerce and the market demand is showing. The small negative dip it had, immediately re-correlated to positive and had a breakout the following quarter. Even though there could be...
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.