This company is growing 50% rev yoy and involved in Cannabis... it can move and looks to have bottomed.
Did SHOPify breakout of a bull flag? 1) Bullish open and close candle above the trend line. 2) MACD bullish (although histogram is slowing) 3) Force Indicator is bullish 4) RSI is not overbought or showing any signs of bearish divergence. 5) Parabolic SAR is bullish 6) 20 EMA is above the 40 EMA indicating a bullish trend 7) 50 EMA is above the 200 EMA also...
Trade Idea: Bearish Reversal Price has been consolidation at the edge of the channel for almost a week now, indicating that price is exhausting its bullish swing. Trade Step-up: Short Price rejects a breakout from the current channel trend. Look for a reversal to 140.00 & 125.00. Stop loss at 165.00.
After looking through finances I am not a fan of Shopify in the long-term being able to support itself in terms of it's finances. For the technical traders out there it looks like price could have bounced off of the resistance level. Just something to note or keep an eye on.
NYSE:SHOP is an opportunity to go short (after Cyber Monday) once the MAs complete forming death cross on daily chart, volume is already low and RSI has formed a bearish divergence
Drew this chart almost 2 months ago, and it's been hitting its trendlines perfectly ever since without any adjustments, which lead me to believe that this will continue on in this fashion for the foreseeable future Leaning more towards a long position here with entries on the small dips in between these two major trendlines
Swing pick for the week. SHOP is looking great after this mini correction. The bottom dotted line is a trend line, with two targets listed. MACD and STOCH are looking great too.
If Shopify breaks 166, I believe there's an opening between this range to make a day trade, as illustrated here. The momentum has shifted, and as seen by the shifting bottoms.
Shopify Long again since 145 USD today
Shopify still looking down... not much to stay. I prefer to wait for the upside to arrive... lets follow
This is my first published idea, just wanted to get peoples thoughts and wanted to start publishing ideas. They are currently suck in a channel and are at the bottom. Their RSI is also indicating that they are oversold and the moving averages are crossing signaling a breakout. With Shopify also setting up in the Canadian market to help be the POS for pot they are...
TSX:SHOP NYSE:SHOP This call is primarily based on price action and risk reward. We can see a lower low being pushed on the daily time frame but over last week price rejected the $173 level. The other notable mention is the Risk to reward ratio, with a bottom formed we have an excellent place to set our stop knowing the trend would go bearish is it was...
SHOP.TO is tightening up on the daily as price forms an equilibrium. Decreasing bull volume on the daily tells me we're likely to set a lower high relative to 199.50 before coming back to test the uptrend that's held since Dec 2017, and set a higher low relative to 172.95. Volume within this pattern will be key clue about how the pattern will break
So you should know this buy now www.cbc.ca And if you are from Ontario and over 19 years old, I bet you also know what happens on October 17, 2018. www.ontario.ca Shopify Inc. (Nasdaq: SHOP) is a company that’s about to make billions from the end of marijuana prohibition without ever touching the leaf. It’s the online retailer – not Amazon.com Inc. (Nasdaq:...