Shopify is approaching strong support levels expecting a bounce of 50-100% from those levels. I will personally buy some calls when it hits that particular area.
Position yourself accordingly, If have questions just message me.
Shopify Inc. (NYSE: SHOP), a provider of essential internet infrastructure for commerce, announced today that Shopify merchants reached a record $9.3 billion in sales* over Black Friday Cyber Monday (BFCM) weekend - a 24% increase from last year.
From early Friday in New Zealand to late Monday in California, more than 61 million consumers globally purchased from...
Shopify - NYSE:SHOP
Shopify is having a great year and it appears it just got better, they announced a record-breaking Black Friday, with global sales from its merchants totaling $4.1 billion. Surpassing the previous year's figures, sales saw a substantial 22% increase, peaking at an impressive $4.2 million per minute on November 24, 2023.
After 5 positive...
Cup and Handle in Motion for NYSE:SHOP
Watch out for the neckline at $71.43.
If a breakout is, then a CnH target is at around $119.
in the smaller picture, we can see a recent breakout from a minor downtrend channel with a target of $84.31 (closing the daily gap that occurred in February 2022).
The best entry position is at $62.41 to close the small...
Shop has been on an absolute tear and is looking to be creating a small flag on the 4 hour that has an upside past the .886 fib. Do remember we are 1/3 of the way to all-time-highs and have a long way to go to even 1/2 of that. Was shop overvalued at 175$, sure, but what about todays prices? The market is very irrational this year stay safe.
The bull market is back, and so is pandemic favorite Shopify (NYSE: SHOP). After posting robust growth and showing strong operating leverage in the third quarter, the e-commerce platform gained more than 30% in the last five trading days and is closing in on a market cap of $80 billion. Shopify is still down by 63% from the all-time high it set in 2021, which...
"Boom!" There is no better way to describe the bullish dynamics of SHOP stock. The stock has now confirmed the low of the turquoise wave X with a 33% attack to the upside. The upward wave to the north must now continue to the upside to overcome resistance at $67.60. The high of the turquoise wave Y and thus of the superior wave (B) in green is not expected until...
Todays move brings NYSE:SHOP above its 50, 100, and 200 moving averages. Note how perfectly price action moved in between volume weighted average price anchored to the May gap up, July high, and August low. A pullback to put in support at 53.94 (the 0.382 of the most recent retrace) would make me comfortable with further continuation. This would line up with the...
Third-quarter revenue of $1.7 billion was marginally higher than analysts' estimates and represented an increase of 25% over the year-ago quarter. The top-line beat affirms the momentum Shopify has been building in recent quarters, which has 70% year to date.
More businesses are signing up for subscriptions and driving steady growth in the company's merchant...
after long time going down we hope to see shop going around 55% with option to lose 4.5% and ratio of 4.4
RSI with low ratio with face up
with 4 time wining the earning we hope that shop going to sky rocketin the earning will make the call to get in to the trade
let see what shop will say
On the weekly timeframe for NYSE:SHOP , I noticed four things immediately:
- A candle close above the bullish flag forming, indicator bullish momentum.
- NYSE:SHOP recently created swing highs at $53.70 and then broke it and bounced perfectly off of it showing that $53.70 is a KEY level.
- When price bounced off of $53.70, it was also at the 5 SMA, adding more...
Idea of a swing position short on this asset after a beautiful bull trap on a reversal configuration.
We had a big dump of the asset then a correctif period that seams to be over soon for me and this bull trap can definitly be the perfect short signal.
As target I try to be as conservative as I can but if this pattern is correct then we can see a huge drop of the...
NYSE:SHOP
Price Action & Candlestick Analysis:
The price seems to be in a short-term downtrend, as it's mostly moving below the moving averages.
The long blue bar shows a strong bullish movement in one of the 15-minute intervals, but it seems the momentum could not be maintained, as the price started declining shortly after.
Moving Averages:
There are two...
Hello all, As you can see here on the 15-minute chart we are in a channel. I drew these lines and supply zones on the hourly chart. I am looking for a bullish breakout and retest of resistance with a high volume bounce off with good volume on the Hiekin Ashi candlestick chart. I am looking long because the market seems to go where the liquidity is. Thank you for...
The fourth quarter has begun, and attention may soon turn to holiday spending and Black Friday. Today’s chart focuses on Shopify, a key player in the growing world of online commerce.
The first pattern is the August low of $51.20. SHOP has flirted with this level for almost two weeks without closing below it. Is support in place?
Second, the consolidation has...
