After ugly sell off. SHOP is near to trendline support or gap resistance 55-57 let see
I think that shop sec will go first to 100+ and then it will correct Now time is good time for an easy profit This not an advise to buy its just an idea presented for lovely community
Hi guys so this is a Macro analysis on Shopify (SHOP). Recent weeks of price action have got my eyes on SHOP. Lets jump right in. This analysis is done on the 1 week timeframe thus supporting a Macro lens look on whats happening. As you can see, ive highlighted key area with an Orange rectangle. Below it, you can see candles attempting to get into it and...
NYSE:SHOP dip is approaching our targeting bounce levels. We have mapped out our bounce level price target. Are you buying the dip?
NYSE:SHOP , many reason to enter now with caution Reasons: Below EMA-200 Over reacting to the soft guidance for Q2 $60 volume range is very strong, many times it was rested If inflation softens and interest rates goes down this will explode.
broken rising Wedge on the chart, correction in progress, my TP target is 65 $
Canadian e-commerce platform Shopify ( NYSE:SHOP ) has reported its slowest quarterly revenue growth in two years, with its U.S. shares slumping 20.5% in premarket trading. The company's core clientele, small and medium-sized businesses (SMBs), have been more susceptible to the hit from sticky inflation. Analysts estimated current-quarter revenue to grow 19.35%,...
Shopify is coming into an important close this week. A close below the upper weekly bollinger band 1 std would signal a deeper sell off is likely. All previous closes below that upper band have led to a correction to at least the mid BB, which is currently 70.70 (moving up). This could be a key indicator in telling if Shopify has already bottomed.
Not financial advice. NYSE:SHOP drop after earnings, still inside broadening formation possible on its way to fill the gap in the purple box. will see if it gets fill and bounces or goes and revisit the bottom of the formation. RSI indicator is a bit high. Like and subscribe for more ideas
5/8/24 - vrockstar - would like to buy it, could be a trade to the mid/ high 60s fam, but likely won't stick and act as exit liquidity for guys needing to size manage. what's more likely if you saw other ecomm/ retail, lulu comes to mind, is a gamma drag thru the day all else equal, all pumps being sold. the math here is "expensive" we all know it. you know it, i...
If you haven`t exit SHOP when the selloff started: Then analyzing the options chain and the chart patterns of SHOP Shopify prior to the earnings report this week, I would consider purchasing the 78usd strike price Calls with an expiration date of 2024-5-10, for a premium of approximately $3.75. If these options prove to be profitable prior to the earnings...
Reasons for bullish bias: - Price is sitting at daily support - Price gave breakout of B point in XABCD pattern - Bullish candles accompanying since previous support - TP1 till resistance - No divergence Here are the recommended trading levels: Entry Level(CMP): 77.20 Stop Loss Level: 72.11 Take Profit Level 1: 82.56 Take Profit Level 2: Open Downside: Earnings...
Of course, all ideas are my opinion alone. SHOP went a bit crazy last week but still rejected the same gap from the Winter 22' pullback. Looking at this head and shoulders on the daily, PA seemingly looking for a touch of the gap below around $64. May have to wait for the first week of April for the move to be underway. Keep on Watch, with a Bullish Market, $82+...
NYSE:SHOP Short to range downside. Going with immediate downside pressure here although in a range. Good RR
We can see a reaction of the price on the market shift and on the Supply which initiated this market shift, after that we can see a distribution of orders with double break of structure. We can expect the price to reach 56$ and continue downside.
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
After a long pullback, shopify is going up. risk: mild
Holding SHOP 80C 3/28 @1.95 since 3/14, I'll update this with how it goes I feel like the chart is straight forward, also my first chart in a long time Will also do Higher time frame analysis and post it Timeframes Used: The 15/30 min, 4hr, 5 Day Above is the 30 minute time frame in which you can see the Bull flag aswelll as the rounding base forming ...