SHOP charted for the upward move along with the downward move.
NYSE:SHOP looks pretty good here. It seems to be bull flagging (teal channel) in a solid uptrend both on a shorter term (green channel) and longer term (purple channel) view. Looks like a solid buy here for a continuation higher. Target 1: 88 (resistance of red downtrend channel from ATH) Target 2: 105 (resistance of green uptrend channel from Nov. low) Target...
Shopify stock has seen sideways momentum for the last few weeks despite posting good results in the recent quarter. One of the reasons is the bull run in early 2023 due to which the stock has seen over 60% jump in year-to-date. Shopify has been able to reignite revenue growth in the last few quarters and there are strong tailwinds that can help the company improve...
Thank you as always for watching my video. I hope you learned something educational!
NYSE:SHOP -Positive trend and following trendlines -Exceptions on Octobers (different low trendline) -Just did a correction and filled a vector -Already hit the 50EMA in the daily timeframe, and very close to hitting the 800EMA in the hourly timeframe -A huge gap ~85.5 to be filled, and possible higher targets -Stop loss slightly lower than ~70 (as it means it...
SHOP made a beautiful good ol’ Cup & Handle pattern and breaking out of it . I’ve a sizable position already from the lows. It’s already 2x from the bottom and has potential for 2x more from here. If market conditions favors the growth names , we can see 2x soon. 70 level acting as support here. 45 would been optimal entry but if you are going long here ,...
Looking at SHOP, retesting it's previous resistance area. If this market continues on the current upswing, I am expecting this to make up for lost time. Great accumulation from April '22 bottom, looks prime to go off. Let's see.
Bounce break or range? stay tuned for the next episode of dragonball z
NYSE:SHOP Jade Lizard Trade +1 $83 call 4/5 -1 $82 call 4/5 -{current share price $76.24}- -1 $70 put 4/5 ~$230 credit. OUTCOMES : 1) If, @ expiration, share price is > $83, then PROFIT = ~$130, (buy to close credit spread). 2) If, @ expiration, share price is between $70 - $82, then MAX PROFIT = ~$230. 3) If, @ expiration, share price is < $70, then...
Shopify (SHOP): NYSE:SHOP We've reintegrated Shopify into our portfolio after a lengthy period without analysis, believing we've witnessed the conclusion of a Wave 5, thereby completing this cycle (1). Consequently, we are now in Wave (2), anticipated to be a three-part correction downwards. Our target retracement ranges between 50% and 78.6%, equating to...
Alright, let's break down Shopify's stock journey in a way that's easy to understand. Imagine Shopify's stock as a surfer riding waves in the market ocean. First off, we have the "wholesale zone" where Shopify typically trades during the week. Think of this as the calm waters where the surfer starts paddling, ranging from $42 to $52. It's like the surfer getting...
Analysts at Citi raised their price target on Shopify to $96, up from its previous level of $87 Shopify Price Target Raised to US$100 at CIBC Barclays analyst Trevor Young maintains Shopify Equal-Weight and raises the price target from $53 to $70. Wells Fargo Adjusts Price Target on Shopify to $90 From $70, Maintains Overweight Rating Oppenheimer Raises...
On the 4H chart SHOP has been trending up since last fall when it fell through the high volume area and then rebounded crossing through it and rebounding. Earnings have been solid beats for over a year. Volume is persistent and steady while the relative strength rising from a bounce down to the 50 level to begin this month. This is a solid earnings play...
Shopify ( NYSE:SHOP ), the Canadian e-commerce giant, recently reported its fourth-quarter earnings, causing a stir in the market. While the company surpassed expectations in terms of earnings and revenue, its guidance for the upcoming quarter fell short, triggering a significant dip in its stock price. Let's delve deeper into what these results mean for investors...
Shopify is driven by optimism this week and we are seeing price push higher and higher within the 20SMA area. There is also optimism in the US indices so to me all lights look green.... My target is at 95.00
As e-commerce continues to shape the retail landscape, Shopify (NYSE: NYSE:SHOP ) emerges as a key player, catching the attention of investors with a crescendo of positive indicators and cautious notes. Let's delve into the harmonious symphony that surrounds Shopify's recent performance. 1. A Harmonious Prelude: Bullish Analyst Report The stage is set with Wells...
This is my idea on shorting Shopify. By looking back at Shopify chart, every Gap present in the chart created by slippage etc.. has always been closed. The "pattern" follows that one that i use for Forex as well, it first targeted a gap created on the 16th Feb 2022, closed it, and is now aiming for the nearest one (which is the only still open). The idea behind...
I don't want it to be true sooo hoping I'm wrong here... Shopify looks to be entering a short term bearish area. Still long Shopify overall, think there's nowhere but up for them in the longer term. They've introduced new features for storeowners allowing for capital lending and more so acting like a bank as well as overall improvements to store owners and...