SHOP breakoutBroke out in the last hour. Looks really good for a push to 36, 37.31.
SHOP is forming a really nice base down here. This breakout is just inside of the sideways base its forming here. If u want swing for a couple weeks. SHOP can go to the top of base at 40.
JUL 22 36C or AUG 2 38C can work.
Shopify
Shopify Sale? Shopify
Short Term
We look to Sell at 38.34 (stop at 41.99)
Trades with a bearish descending triangle formation. The medium term bias remains bearish. There is no indication that the selloff is coming to an end. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell into rallies.
Our profit targets will be 29.94 and 24.29
Resistance: 39.50 / 74.75 / 89.30
Support: 29.85 / 13.20 / 4.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
SHOP, Shopify Stock predictionLooking at the bars and previous data, I assume that stock might get gain from it current price for coming few days.
Down from over $1000 to $300 (SHOP)Shopify
Short Term
We look to Sell at 329.01 (stop at 369.57)
Prices are extending lower from the bearish flag/pennant formation. The medium term bias remains bearish. There is no indication that the selloff is coming to an end. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 161.97 and 119.18
Resistance: 330.00 / 405.00 / 1042.00
Support: 196.54 / 133.43 / 100.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
SHOPIFY - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Left Chart
SHOP is approaching a demand zone so we will be looking for buy setups on lower timeframes.
H4: Right Chart
SHOP is forming a channel in red but it is not valid yet. So we will be waiting for a third swing to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that third swing high to form then buy after a momentum candle close above it. (gray area)
Meanwhile, until the buy is activated, SHOP can still trade lower inside the demand or even breaks it downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Shopify short 200$ in 14 daysthis is not a call to buy, sell or trade its just for wasting your time ... wait for it
SHOPing for holders - until $150WHY I'M STILL BEARISH
Shopify still trading at 85x earnings - hugely overvalued
Next support 50% away at $150
Stick model (white dotted lines) yet to be crossed to the upside, with air below
Approaching recent lows from May 13 of $306, lower highs not yet in
RSI still showing weakness in red bear-zone and further sell side possible going into June
Moving average still shows very much in bear market, and a lot of time must pass before it can reset and reclaim to be in a bull market
Insufficient history of corrections and therefore bottom of channel unlikely to provide support
REASONS TO BE BULLISH
Just had a 10% drawdown in a day and huge sales already
Decent uplift in volume of late, although still expecting more in a capitulation event
At bottom of exponential channel, typically in the buy-zone in market corrections
Eventually a countermove will come, but that may not be forthcoming for another month or two
SUMMARY
Overall I would steer clear from this shipwreck. I had been expecting a bounce of late for Shopify but until this stock breaks the white dotted stick-model and betters it's recent volume, it's best to remain on the sidelines. I would say that shorting from here is high-risk, low-reward. There isn't enough history, with SHOP being listed well clear of the GFC to rely-upon it holding the purple channel. That said, still expecting a further 50% capitulation from these levels.
SHOP: bottomed and ready to ripSHOP has bottomed out after completing a clean 5 wave move lower. It should retrace from here to $870. DO NOT MISS IT!
No Bearish VolumeShort & simple. No, I'm not your bitcoin support group leader. Yes you could be buying at these levels & even at 20K but that's none of my business. What I noticed since looking at the Monthly BTC Chart is that there is no bearish volume to cause real fear. Again, I've been doing this since BTC $800 so BTC 10K doesn't bother me either. Make your own choice but adoption happens during Bitcoin "Bear" markets & we've seen adoption from a few countries around the world. Zoom out & have a nice Memorial Day Weekend.
SHOPIFY Bottom PotentialAn upward channel can be drawn from a strong trend line point on SHOPIFY
It provides a chart like this, showing a clear top, and also a potential bottom that aligns with the 4.618 fib
An attempted support can be seen to have formed at 2.618 (yellow)
This leaves 4.618 as a bottom point, which has also been seen as a bottom in the past (green)
Two bullish chart patterns can be seen on chart along with one bearish
Ascending and Descending wedge both acting bullishly
Followed by a Double top, considered a bearish pattern
SHOP is ______. Coming from mostly crypto myself and many others are exploring other markets
$SHOP is _______
A King Maker Trade (wildly undervalued, if done properly with options this is a kingmaker trade.
Bear market could drive this thing down though idk tho nfa
SHOPIFY-SHORT TERM BULLISH SCENARIOQ1 miss and forecast for a lower revenue growth led to new selloffs and a 15% day drop for Shopify. The Canadian company lost more than 80 % from its peak in November 2021.
$300 is a key level for Shopify if a breakout occurs drop to $180 will be inevitable. On the other hand, the $300 level may be a good positioning opportunity for a short-term bullish scenario to the $ 400 resistance.
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SHOP, At What Prices May This MAJOR Correction End?How far SHOP can go down? There will be a bounce ? If yes at what possible prices?
We accurately predicted the stock path several weeks ago by means of Elliott waves and called for a Big Shor t at ATH ! What is next?
Currently SHOP is in a MAJOR correction. SHOPIFY completed a primary degree wave cycle which was started at 18.48 USD on Jan 2016 at its ATH (1762.92). This wave cycle lasted for 6 years and showed 95 times growth from the very bottom to the very top.
Since then , Stock started a correction to that cycle which is primary degree wave 2 . This is really a sharp decline. As shown on the chart It is now reaching to 50 % Retracement of primary wave 1 at 890 USD. Possible labels in correcting patterns are shown on the chart. It is not know at this time which labels ( e.g 1 or A ) is a true one. We have to wait for correction waves to unfold in order to decide between them.
Can it go further down even lower than 50 % Retracement? Of course it can ! I am afraid to say that Unfortunately most possible Retracement for large degree wave 2s is 0.786 level . If this happens SHOPIFY may see unbelievable 391 USD at the end of correction. For now lets hope for higher Fibonacci levels e.g 0.618 Golden Ratio at 684 USD.
Although It is possible for the correction to end at all shown Fibonacci levels , I tried to give them a probability ( As I see) by means of thickness of arrows with narrowest to be least probable and thickest to be the most.
Good news for long term investor and holders is next long term bull run which is primary wave 3 will push the price up to above 3000 USD !
We keep it in watch and go shopping in appropriate time ! Lets follow !
Shopify (NYSE: $SHOP): Insane 77%+ Pull Back In Effect!⚡Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.
SHOP Earnings Miss | Slowest Revenue Growth in Seven YearsIf you haven`t sold SHOP at $945:
Then you should know that Shopify said adjusted earnings for Q1 came in at 20 cents per share per share VS a profit of $2.01 per share over the same period last year and VS a consensus forecast of 77 cents per share.
Gross merchandise volumes rose 16% to $43.2 billion VS Street forecasts of a $45.4 billion.
The stock is closer to our $350-400 buy range now.
Looking forward to read your opinion about it.
SHOP broke out!Massive Trendline break on SHOP.
I am watching for a possible pullback towards 475 / 470 , rejection and another push above 488.95 (which would be my entry)
Above that levels are 512.81 / 573.85
Also important to note new channel that is possibly forming. Could offer some support.
SHOP: BOUNCE ZONESHOP (Shopify) has dropped 70% since November 2021.
Yes we can drop more. However I like the risk reward ratio here as the price is now sitting on a trend line (in green) connecting the lows of Nov 2019, March 2020 and March 2022.
The weekly RSI is slightly oversold and we're starting to see a bullish divergence .
Bonds are bouncing already, which could support a bounce in growth stocks .
I'm a buyer at this level for a possible bounce to 640. I can cut my position quickly and without too much damage if I'm wrong.
If we drop more, the next levels are between 437 and 413...
Trade safe.
Was the SHOP sell-off predictable?Of course it was! It reached both of my price targets:
And now i think it will go even lower.
My experience as a seller on 2 Shopify stores was terrible in the past 4 months. I had a decrease in sales of more than 60%. My friends with on-line store had the same experience. So if the merchants don`t make money, neither do Shopify.
It`s hard to believe they will come up with a good quarter.
My buy area is lower than $400.
Looking forward to read your opinion about it.
SHOP - consolidating here before moving to $750?Interesting to see this one catching my eye earlier in the week and seeing a bullish continuation. Something is happening with Shopify and the charts are pointing to positive uptrend. This is trading at $600 from highs of 1600. Do we expect to hit 1600 again? not anytime soon, but this is consolidating here at 600. and potentially lining up for a run back above 700.
Absolutely Wild Sell Off For Shopify (NYSE: $SHOP)! 🛍️Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.
$SHOP sign of reversal here?we have to confirm our support , to see the first sign of reversal, which we have to pass our first resistant , then the second resistant where we see a massive confirmation to bullish continuation