- Key Level at $798. And there are no foreseeable news/events/factors that will give SHOP that push through. - Party's almost over. - SHOP will be going sideways or have a moderate pullback upon reaching $798. Take your profit.
** Comments and Likes are appreciated! New Subscribers are Smart Shoppers! ** What I see... + Long lower shadow but pulled back to close above 10ma + Prices have been moving side way, within channel, in the past few days while hoovering around all-time high + High vol. today to close positive + MACD is bullish + RSI has just returned from overbought zone and...
Looking at the correlation between both patterns. SHOP graph spanning 4 years and AAPL overlay spanning 20 years. AAPL is starting to show high weakness near the current top, I would expect SHOP to do the same in the coming months pushing it back down to the 500$ region
X Force Global Analysis: Shopify, a multinational e-commerce platform located in Canada, has shown extremely strong bullish momentum for the past few weeks. In this analysis, we take a purely technical approach, and explore the bearish signs emerging from Shopify's intense bull run. Analysis - On the left hand side, we have the daily chart for Shopify...
$SHOP FFS if I have to look at one more super negative EPS company with a massive boner parabola chart im going to lose my mind... Another toppy ass mother fucker.. shits starting to make $TSLA look tame....
we can see SHOP going up in a straight line looking from the daily timeframe. macd severly overbought and no trend lines near to act as support only fib levels. i think the time to short this name is very close i dont think it will reach 870 but anything is possible specially with so much fear of missing out on the "next amazon" short once break 755 if you want...
If we break the 936.50 the price has a good chance of going up to 1064.87 Thank you
SHOP we are waiting for good point to go buy and target green line ,stop loses is red line . Thanks
It's approaching the support line. If SHOP drops below the support line it might continue to sell off, but if it finds support at 720$-725$ it might go up. ( It's just my opinion)
Overbought on low volume. Short 750, Stop 775, Target 1 670, Target 2 590. Shopify has benefitted from an increase in stores on the platform during the pandemic but this short term metric does not justify a longer term price. Yes, it's been necessary for traditional brick and mortar only to migrate to e-commerce but this is priced like those customers are...
Hey traders, today I share my short trade in Shopify $SHOP as the fundamentals and technicals have aligned for a good risk/reward short entry imo, plus it serves as a good hedge to a traditional long portfolio of stocks. Be sure to follow this trading idea as I will update it as it progresses. Have a good week! Jared.
As you can see a 4-hour imbalance was created that we can take if the price hits the zone. I also added some cushion to the entry and the SL. I'm not 100% sure this trade will go to our favor, no one does. this is a probability game. use proper risk management, I recommend 1%