SHOP has been accumulating for months, same like META. Sometimes companies take years to accumulate like this. Trade in a channel.
Shopify is good stock if you are thinking about adding an E-Commerce stock to your watchlist/portfolio.I think its really Shopify vs Amazon in they both just performed a stock split. It is currently showing a possible sign of basing, but I think it has a way to go down! The original Heavy buying positions from IPO '15 is the $13.10 area! The next set of buyers...
Active sequence is still down, but candles are getting smaller even with bigger/average volume. Combined with the divergence on the 3D chart suggests reversal could be imminent. ER on May 02 might be pivotal.
We can see a pretty hurt #BABA stock due to all fear in the markets with China and the war, for long-term traders, this could represent a good opportunity. I try to make the chart as clear as possible, remember that this is for long-term trades, right now there´s a lot of volatility in the markets. With that scope in mind and because of volatility, the SL is...
Hello Traders, Investors and Speculants :), You probably heard about Tencent holdings investment group.: These days you can hear some Fundamental analysis about Naspers / Prosus tranfer (spin-off) from South Africa exchange to Amsterdam. Many super-investors (value investors) like Guy Spier / Mohnish Pabrai are most likely increasing their position in Tencent...
Looks like it is heading towards 420. If it did, expect a huge bounce back of $100 or so once it hits 400-420 range.
It appears that SHOP is approaching the bottom of its long-term channel, with stochastics finding a floor as well. Earnings that include their record Black Friday/Cyber Monday are on tap tomorrow.
There are higher lows on the stochastics and a possible break from its descending channel with earnings on tap.
The most costly birthday in your whole life he’s going to be your 21st birthday because it is the time when you are just coming out of childhood into adulthood and so you haven’t really understood maturity yet so you go all out and get hammered and spend a lot of money and working in food services I know it’s good to upsell alcohol because when people are drinking...
Ali Baba holdings looks to be at historic levels...it has completed a 5 wave move from 2015 to 2020 and has now retraced 61.8% of that move in a 5 wave impulsive move down. This is a great place to add some Chinese e-commerce exposure for the long term with weekly RSI having been oversold in sept and now forming a higher high as price formed a lower low. With...
crab harmonic pattern: AB=0.61 XA BC=0.38 AB tp1=1.6 BC=$11.5 tp2=2 BC=$24.7 tp3=2.24 BC=$39.8 tp4=2.6 BC=$85.6 tp5=3.6 BC=$620 tp6=1.6 XA=$896
Hi All, my main 3 take-outs from this analysis are the following: 1- I do not agree with those who say that Wish has no upcoming support and that it is in free fall! Not at all! The support is a static one, it is very visible in the daily chart, and it is shown in red. The lower trendline of the descending wedge is actually acting as support and the price is...
As they say... the more extensive the consolidation zone, the bigger the breakout/leg-up tends to be. After staying in a very tight range for almost a year and a half, I believe AMZN is about ready to breakout after Q4 earnings are released following the holiday season. Just my personal opinion, not investment advice.
Hi All, my main 3 take-outs from this analysis are the following: 1- Price is still moving inside the red falling wedge, finding static support in the lower red trendline 2- Strong divergence between MACD and prices, suggesting that the strenght of the sellers might have come to an end 3- In the next intraday sessions, it might be possible to see a further run...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* This week my team has been investigating popular online product and idea...
Hi All, my main 3 take-outs from this analysis are the following: 1- RSI and MACD showing bullish divergence in the daily chart 2- Price action is moving inside a falling wedge and I would expect a rebounce from these price levels today or tomorrow the latest, in order to see a recovering and a possible breakout of the falling wedge at around mid-January 3-...
Hi All, my main 3 take-outs from this analysis are the following: 1- RSI in the weekly chart is in oversold territory with divergence vs prices 2- Price might re-test the historical trendline at around 100$, which is a 10-13% additional drop from current levels 3- Possible support at 100$ is also a psichological support level (rund number) Not a financial...
Hi All, my main 3 take-outs from this analysis are the following: 1- The hourly chart shows RSI in oversold territory with high chances of a rebounce 2- Price might be retesting the resistence at arund 4.60$ in the next days 3- Still valid the possibility of an upward breakout of the descending wedge shown in the daily chart Not a financial advice, just...