An 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...
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...
Bullish Indications: Higher highs after series of LHs & LLs Trend line resistance break Flag pattern formation AB=CD Historically this pattern is being repeated and showing good bullish trends (highlighted) So based on all these parameters I think it will go long
Shop dropped nearly 25% in 3 weeks, first green candle in nearly 2 weeks yesterday...
Hi Traders, its alredy some time since my previous Bearish analysis for Fintech and high Growth companies. Seems like we got first impulse on 1D chart. RSI is positively COnverging. What could mean a retrace after huge DIP for many stocks around (MINUS) 50 to 90% from ATH. Yes, this will be probably quick / sharp retrace, most of the retail will get in too...
SHOP Thursday put in huge reversal candle w the rest of the market. Above average volume on the day. RSI bullish divergence noted. This looks ripe to test breakdown candle high in the 730 area, and then if it can really get going it can fill the gap up to 840. I saw a lot of 03/18 calls come through yesterday and today too. You could look for 03/18 800/840 call...
I would not want to be owning Shopify stock this year. I think we strike one more low to the .5 retracement and then bounce up to about $1000 for a B-Wave, before a final C-Wave down to the $210-$330 region. It will be a painful year for Shopify owners I believe. The move down so far does not resemble ABC structure. Also, it needs to be longer in terms of time. Good luck.
NYSE:SHOP Long NYSE:SHOP till $1300 Short from 13 to $1100-1050-1000 Then long it again....
SHOPIFY trading may be in correction for next two months...new position can only be create above 1810 with Target 2200 sl 1680... Maybe Stock will be in correction till Dec- jan
Shopify stock has made long-term investors a boatload of money. If you would have been able to buy shares of the e-commerce subscription platform at its 2015 IPO price, you'd be sitting on gains of nearly 9,000%! In this short period, the company has risen to become the largest Canadian company by market capitalization with a valuation approaching $200 billion....
Shop just hit its long term support and has similar RSI levels as March 2020 (Covid flash crash). IMO SHOP is highly undervalued and has been consolidating around the 17000-1900 range. Next leg up should take it to $3000 and then finally the 5th wave could propel us to around $4200 in the next 6 months. Going long with full force. Not financial advice! Like and...
Upon the announcement of expanded partnership with Facebook ($FB) and Google ($GOOGL) for its one-click checkout to be made available to all merchants selling on Facebook and Google even if they do not use $SHOP, $SHOP broke out of its Cup and Handle chart pattern with a significant rally of +14.62%, triggering along with surge in transactional volume exceeding...
SHOP 4H Short-term/Day trading LONG/BULLISH - We have seen an amazing uptrend, we took support at the 0.382 of the Fibonacci Retracement ($1183.04) after the first go up and we managed to hit the 0.618 ($1341.27) and the 1.0 ($1438.25) now we expect a Retracement to one of the two main confluences that are pointed out and we will update our targets
A few days ago I had posted my 1st ever idea and I feel I could have explained in much greater detail while providing better supporting evidence. I lacked conviction in my last post and im 80% confident now in my analysis (If youre 100% its clouded or you just a liar). So getting to it the 1st green arrow far left is the last time it traded up to its ath and...
Bullish long term for this company. I see it as next AMZN for online shopping. I see a big shift in influencers and other small businesses using Shopify instead of Amazon for their products.
RBS(resistance base support) zone price action with Shopify this price target has been a high area of interest for traders around $1100 a share dating back to late oct 2020 two previous failure attempts in January to go lower this could be a great buying opportunity
Shopify new price target: $1650 When: Before March 10 Growth: 12 % Buy: YES Trade at your own risks
Shopify found support at previous resistance I expect a bounce from here