Greetings, I'm bullish on SHOP based on the bullish flag pattern forming on the daily chart. In the short term, however, SHOP is bearish while it completes it's pullback. Daily (Bullish) 1. In interpret the decline in volume and price as a bullish pullback (bullish). 2. MACD crossover (bearish). 3. SHOP is between monthly and quarterly EMA (buy signal). 4....
Shopify new price target: $1650 When: Before March 10 Growth: 12 % Buy: YES Trade at your own risks
If you saw my previous post "SHOP- The Big Picture" then you would see that SHOP has bounced at one of my trend lines higher than I expected. I have followed this stock and made a lot of money on it since the $200's. I really think after Friday and the bullish close that we are going to $1460 were there will be resistance. Can we break through the 52 Week High...
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 1513
The 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.
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.
Entry 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%
Shop is in a nice triangle. support is 1439.24 and first resistance is 1466.41 overall move is to 1499.67
Actually 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 possible
SHOP 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...
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...
Shop 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...
Jump 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...
I 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...
My setup after todays rally after news about Facebook integration. Expecting a notable pullback before earnings.
Great setup on SHOP after breakout and bullish bat pattern!