$SHOP coiling ever so tightly$SHOP is another one that respects technicals really well. It's shown strength over the past months in the way it trades within its volatility box before breaking out to form a new trading range. Look at how tight this bullish triangle is.Longby zachyamUpdated 115
SHOP with double topHope the next movemet could break current resistance. Either wai for breakout or join at green areaLongby layaran.kamal3
SHOP LEVELSI WOULD GO LONG OVER 928 FOR A MOVE UP TO 958, 973, 1000. IF SHOP FAILS AT 928, IT CAN MAKE A MOVE LOWER TO 870. Trade Idea: 1000C 7/24 by KevinBurrows5
SHOP: Pre-earnings playSHOP has sold off 11% in the past week. Earnings coming on 22nd. This looks like pre-earnings profit taking, which also suggests there may be a pre-earnings bump late next week. SHOP is also testing a reliable trend line for the 5th time and the 20MA for the 3rd time. Looking for entry confirmation with RSI or bullish candle. Longby mperlaza252
$SHOP is Set for Little Horrors on the 700 ClubSHOP is one we called out as a top earlier this month after a major midday reversal that came with no news and in concert with similar reversals in other extremely overvalued new-industry tech names. The trendline is now under pressure. Expect this to fail and hit that rising wiggly blue line (the 50-day MA) Next. Ultimately, the $700 club is coming here.by GregFolin7
Alreaday touch supportSHOP already touch support it may bounce and go to touch resistance. The ADX indicator is still above 20 (25 right now) wich means the uptrend is still running. (this is just my opinion, do your DD)Longby EduardGTUpdated 3
SHOP Broken uptrendBroken from the uptrend channel and bounced back on 21EMA intraday. MACD Showing weakness as well. Losing 920 will expose 845 levelby anjeltrade4
Short SHOPAdding to the maximum stupid series is Shopify. Look at that bullshit. If nothing else people are going to start taking profit after such a massive run up. There is a reason I am buying puts, I can fix my lose in case things keep getting stupider and I end up being the stupid one for trading against the stupid. Oct 2020 800 puts. Cheers, -SheremShortby SheremUpdated 12
SHOP - low of bearish engulfing candle broken - PUTSShopify is getting attention for its ultra-rich valuation. Stochastic %K dipped lower on Monday, compared to June 24, and %D has crossed below RSI. Since stock traded below the low of Monday's bearish engulfing candle (with volume), I think today's buying will turn over as more people take profits. I bought 7/17 850 puts for 2.90. Volume is low on these options, and risk is high. Reward to risk is also high, so if this trade makes you uncomfortable, ask yourself if you can be content buying one contract (using less than $300 capital)?Shortby OptionsRisingUpdated 4410
Shopify IdeaAn idea for SHOP Short areas for traders in red However this probably isn't the best short out there, picking tops isn't very wise. Boldness pays however. by Bixley10
$SHOP Suffers Possible "Key Reversal" Day After Bubbly RunSHOP went from up big to down big on Monday after a historic run. This is dead center in the heart of what has been "bubbly" in this market. If long SHOP (at 50x forward sales), run for the hills. The question remains as to whether or not this is also a warning signal for the larger tech bull trend. Editors' picksby GregFolin9920
Shopify's price-to-sales ratio is... nearing 70!Just a quick chart showing Shopify's price-to-sales ratio, which is nearing 70. That means investors are paying $70 to get $1 in revenue from Shopify. I have yet to see a large cap stock of this size trade at a multiple like it. Truly amazing to see. No comment if it is overvalued or undervalued. But, it is high up on my watchlist for future volatility and I thought some of you would find it interesting. They could grow 200%+ and I guess at that point it makes sense. But the expectations are high for them and need to hit on all cylinders. by scheplick1112
SHOP LEVELSI WOULD GO LONG IF SHOP CAN BACKTEST THE 1000 LEVEL. TRADE IDEA: 1075C 7/10 I WOULD GO SHORT IF SHOP BREAKS UNDER 1000. TRADE IDEA 925P 7/10 levels below 928 are 900, 875.by KevinBurrows4
SHOP 1600 before big fall in NovemberPrice target 1600 till end of October, then correction expected. August correction 1300-1100 is an option.Longby midorinoyama3310
SHOP coming back to $900 levelsSHOP Finding resistance at the Fib Extension. Way overbought and short squeeze. Time to retest $900 level now.Shortby anjeltrade557