Looking at the technicals, this stock will make at least a buck tomorrow, 8/13. If you look at the daily movement on the stock, you can easily see that the stock moving average is heading to its middle Bollinger band at $156.71. Now, the weekly movement is generally down so that may turn this stock down. But the weekly has found a floor in its weekly middle...
OK AMAZON IS TAKING OVER EVERYTHING BUT WHAT ABOUT SMALL BRANDS AND BUSINESSES AIMING FOR HIGHER MARGINS? WHY SHOPIFY? GROWING AND ADVANCING ECO-SYSTEM INCREASING REVENUE UNLIKE MANY TECH FIRMS, THEY DO MAKE MILLION $$$ PROFITS PROFITABLE FOR SMALL BUSINESSES LEADING HIGHER USER NUMBERS EXPANDING INTERNATIONALLY
If we can maintain above the Support level (Red Line) at $203 by the end of this week, I predict we see a nice climb into the $225-$235 range over the next 2 weeks.
Shopify is one of those stocks that went really up the past few years and is sort of a gold mine in the startup world. More and more people are getting interested in dropshipping and e-commerce and the market demand is showing. The small negative dip it had, immediately re-correlated to positive and had a breakout the following quarter. Even though there could be...
Shopify looks to be in a support area, with lot's of strong fundamental news coming down the pipeline. Provided the greater equity market stays bullish, this should make a run for the $235~ area sometime this summer.
Updated target is the first intersection of purple and green lines.
Today SHOP made a lower low, but is still holding the 100 day sma on the daily chart. I'm putting an order out there for a limit buy at $110 with a stop at $100. She may hold here and continue higher if the overall market does too. Let's see what happens :D
$SHOP trading 147.22 has done well since we signaled long 106s wash-out in Oct. MACD high - caution longs. What a great trade signal long for our swing trading platform back in October when everyone panicked on the wash-out. The problem is now that price on the daily chart is significantly higher than moving averages and the MACD is extended to be sure. When...
Observations We are currently in the intermediate 3rd wave of the major 5th wave. Based on Elliott wave count, it appears that intermediate 3rd wave is complete which means we are due for a correction. Expecting wave 4 to be a small correction within 0.236 - 0.382 fib zone as wave 2 was a very significant correction to 0.786 fib. Target price for the...
Sell the Feb 16 SHOP 100/95 Put Credit Spread for $0.65 or better, for a 13% (not counting commissions) return within 35 days. Stop loss should be if the spread increases to $1.30. SHOP has held the 61.8% retracement of the Sep 17 high to Oct 17 low and is clearing the way for higher moves. Playing it with selling a put credit spread and receiving $65 for every...
Shopify is a SaaS company providing eCommerce solutions to businesses of all sizes. They allow retailers to set up websites for fractions of what it cost to build a full blown eCommerce platform from the ground up. The company is showing explosive revenue growth due to the proliferation of online retailing and the ability to provide a better and cheaper solution...
Shopify softened a little over the holidays but had a strong bullish punch on Jan2. Earnings coming up at the end of January, so I expect a retest of the 50-day SMA and continuation higher. We have `JAN 18 2019 SHOP $90` naked puts sold for `$15.00` two weeks ago and `APR 20 2018 SHOP $90` naked put sold for `$3.80` one week ago looks good too.
Shop is breaking its bear flag on daily chart. if it takes out these lows here could flush into the close for a quick trade. im using 9ema as my stop
Shopify - keep it on your watch list. Entry now would be too early . Still looks like it has more downside to play out. Look for a buy in the next month or so. Then watch it go. I am new to Wave theory, so if I am wrong in my analysis, please offer some feedback. Thx.
SHOP has been a big trender all year. Today there was a hit piece out on it. If it can break lows here it will also take out the 50sma on the daily and could flush into the close down close to 100. It is a tad extended intraday ideally it holds here for an hour or so and lets the 9ema catch up and build up a bit more base then breaks down.