Bottomed at a support, looks bullish going into nvdia earnings. 1st target is 65.46 2n target is 78.91
Shopify stock has now dipped into our magenta Target Zone (coordinates: $62.74 - $52.88). Here we expect the low of the magenta wave (b) and a reversal. The price should now rise again well above the resistance at $67.60.
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...
I will be taking Shopify calls. Loving the entire set up right now~
SHOP had a big drop with last earnings. It has fallen into a serious support zone. This would be a good spot for bulls to hold. $ 56.12 - 57.16 is the immediate support. $ 49.20 - 50.88 is next support and stronger. $ 63.44 - 63.84 is the first resistance above. =======================================
shopify completes CD swing, now at 78.6% retracement looking to go long, should recover about 100% over the next year or 2
Considering Shopify, the situation is unfolding as we anticipated. We expected the beginning of 2024 to potentially mark the peak for Shopify with the completion of Wave (1), indicating a Wave 2 correction. This correction is likely to find support between the 63.8% and 78.6% retracement levels. Currently, the pattern is showing lower lows and lower highs,...
SHOP broke support 2 levels,does it got enough support to bounce? Looks like around 55 is inevitable?
After ugly sell off. SHOP is near to trendline support or gap resistance 55-57 let see
**1. Revenue and Growth:** - **Q1 2024 Revenue**: Increased by 23% YoY to $1.9 billion. - **Adjusted Growth**: 29% growth when adjusting for the sale of logistics businesses. **2. Profitability:** - **Gross Profit**: Grew by 33%, reaching $957 million. - **Gross Margin**: Improved to 51.4% from 47.5% last year. - **Net Loss**: $273 million or...
Good risk-reward here around the support line. Stop-loss at 56
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...
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
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%,...