great chart request!this middle trendline has acted as support/resistance plenty of times in the past... right now its acting as support, so SHOP remains bullish as long as it holds. long 1423 stop loss 1323 price target 1513Longby Vibranium_Capital2217
$SHOP with a Bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $SHOP after a negative over reaction following its earnings release placing the stock in Drift C If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us. Longby EPSMomentum111
Shopify - What's your time horizon?If your time horizon is more than one month, you might consider the recent post earnings pullback, as an opportunity to accumulate $SHOP Otherwise just wait for the $NDX to settle. Longby goledger440
$SHOPEntry price : 1196.74 Fundamentals : - Sector: Software - EPS % Chg (Last Qtr): 348% - EPS % Chg (Previous Qtr): 215% - 3 Year EPS Growth Rate: 101% - EPS Est % Chg (Current Yr): 1070% - Sales % Chg (Last Qtr): 97% - Sales % Chg (Previous Qtr): 97% - 3-Year Sales Growth Rate: 57% - Annual Pre -Tax Margin: 5.8%Longby paulopicaocapeloUpdated 442
SHOP to $1499Shop is in a nice triangle. support is 1439.24 and first resistance is 1466.41 overall move is to 1499.67Longby Dougie_dee112
Great changes to buy shopify cheaper on MarchActually overheaded, the stock may be cheaper in march and a good buy strategy, when it goes in the area of 50 MA. New highs later should be possibleLongby smoki990
Evening star pattern, up 25% just in February prior to earningsSHOP has been a beast for along time! It has runup 25% just in February, so be careful for earnings on Feb 17th. The past 3 days show a bearish evening star pattern (not 100% perfect). I calculated the implied move to be 6% or $90 dollars. Options - 1068 in $1500 weekly calls, over 1600 in $1200 weekly puts. If you know how to play iron condor, I think that is best earnings trade o capture premium. They beat last earnings and raised expectations , its going to be hard to repeat, imo. Have a great long wknd!by hockeysniper446
SHOP - sell on earnings and buy back!!!After this big run prior to earnings we may have a spike like 3 earnings ago, but there is no way we will be $1600 a share right now!!! I love this stock and it has profited well for me and many others over the past 2 years. Holly apes breath I cannot believe I bought this stock at $300 in march??.. They are the #1 ecommerce stock hands down. I posted a prior detailed long term chart last week which justifies this conclusion. Thank you for your interest. I HOPE my post's help you make money and have FUN !!! ♡ ♡ ♡ Have a Happy Great Valentines Day and Presidents Day!!! PS - WE NEED A WOMENS DAY!!! Like Europe!! Longby sid72110
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!Longby sid72445
Shop updateJump the gun on the pullback with my last setup. I think my overall market sentiment bias that the Nasdaq would pullback affected that call. Anyways , shop broke through that (Weekly) resistance and the results were as expected albeit it received alot of help with that FB news but what came first the chicken or the egg? Targets are fib extensions since we're now trading at an ATH. Strong Support would now be that yellow resistance should any pull back occur in the near futureLongby ContraryTrader221
SHOP Looking to add going into next weekI have been in this since Dec 16 when price broke the 6 month range. I took some profits on the initial trade as it hit my first target then added back to the position on Jan 9. See previous post below for details. SHOP had a beautiful weekly close last week and is at a new buy point going into earnings on Feb 17. The plan is to add to the position on a break of the high and trim going into 1340 if I get the move I want. This is a long term hold for me so I plan to hold a partial position through earnings. This is a good example of how I like to trade around a core position. Additional Info: I am an intraday scalper and short term swing trader of stocks & Futures using options and equity. I focus on high volume momentum stocks in strong uptrends. My time frame is between 5minutes to 5 days on most trades. I scale into positions and scale out of positions as my targets are hit. I always trail my stops after T1 is hit to reduce risk and lock in gains. If my post is on a Weekly/Daily/240M chart the idea is a swing trade. If my post is on a 60M chart or lower the idea is a day trade. Day trades can turn into swing trades if the stock is strong. All trades should be supported by market direction. Treat my posts as trade ideas and not signals. Traders must trade using their own back tested trade plan and rules. Traders must plan risk first and profits second. Additional Additional Info: If you use options to trade high IV stocks it is crucial to wait for some consolidation or a pull back. If you buy an option when price is stretched you will find that even when the instrument trades in your direction you will lose money because you will have paid too much premium. Simple rule = BUY options when candles are SMALL and SELL options when candles are BIG. Longby WadeYendallUpdated 447
Pullback before earnings? - SHOPMy setup after todays rally after news about Facebook integration. Expecting a notable pullback before earnings.by JustinLev112
SHOP Testing Broken ChannelGreat setup on SHOP after breakout and bullish bat pattern!Longby USA_Capital_FundsUpdated 1
Shopify channel update On strong week from the exchanges shop Made it up to 1294 but has got rejected off the Resistance (Yellow line)... headed back down to 1150. might break out of that range with earningsShortby ContraryTrader333
Shopify Stock To Keep In PortfolioHello ladies and gentlemen, according to my graphical analysis I recommend to keep as much as possible SHOPIFY INC in your portfolio and of course to avoid the sale because graphically and technically SHOP Stock has broken with force a very important resistance (R1,R2) proven with a great probability the increase of SHOPIFY Stock. My Next Target is at least 1850 in the next months .Longby Walid_El_Bohdidi4
Definetly going up into earnings - Triangle pattern I think we all agree the wonderful triangle will take us to new highs. I have been trading and following SHOP since the $200's and she has rarely disappointed. I was hoping after last earnings she would spike as usual, but no. This time she will! :) GL! and $$$$$Longby sid72115
LING LONGConfirmation done on 1hr so its good to buy at market open if price opens at our Entry PointLongby SnipersCapitalUpdated 662
Shopify pre-earnings target pricemy current GUESS is $1205 - $1225 prior to earnings. Wouldn't be surprised by more.Longby goledgerUpdated 112
$SHOP | Buy Within Wedge Structure & Watch For A Breakout$SHOP is trading within a bullish wedge above structure. Look for long to the top the wedge structure to $1200 A breakout of the wedge can lead to previous highs at $1280 and then new all time highs at $1380Longby AidanMDang2212