SHOP made a beautiful good ol’ Cup & Handle pattern and breaking out of it .
I’ve a sizable position already from the lows.
It’s already 2x from the bottom and has potential for 2x more from here.
If market conditions favors the growth names , we can see 2x soon.
70 level acting as support here.
45 would been optimal entry but if you are going long here ,...
Looking at SHOP, retesting it's previous resistance area. If this market continues on the current upswing, I am expecting this to make up for lost time. Great accumulation from April '22 bottom, looks prime to go off. Let's see.
Alright, let's break down Shopify's stock journey in a way that's easy to understand. Imagine Shopify's stock as a surfer riding waves in the market ocean.
First off, we have the "wholesale zone" where Shopify typically trades during the week. Think of this as the calm waters where the surfer starts paddling, ranging from $42 to $52. It's like the surfer getting...
Analysts at Citi raised their price target on Shopify to $96, up from its previous level of $87
Shopify Price Target Raised to US$100 at CIBC
Barclays analyst Trevor Young maintains Shopify Equal-Weight and raises the price target from $53 to $70.
Wells Fargo Adjusts Price Target on Shopify to $90 From $70, Maintains Overweight Rating
Oppenheimer Raises...
On the 4H chart SHOP has been trending up since last fall when it fell through the high volume
area and then rebounded crossing through it and rebounding. Earnings have been solid beats
for over a year. Volume is persistent and steady while the relative strength rising from a bounce
down to the 50 level to begin this month. This is a solid earnings play...
Shopify ( NYSE:SHOP ), the Canadian e-commerce giant, recently reported its fourth-quarter earnings, causing a stir in the market. While the company surpassed expectations in terms of earnings and revenue, its guidance for the upcoming quarter fell short, triggering a significant dip in its stock price. Let's delve deeper into what these results mean for investors...
Shopify is driven by optimism this week and we are seeing price push higher and higher within the 20SMA area. There is also optimism in the US indices so to me all lights look green.... My target is at 95.00
As e-commerce continues to shape the retail landscape, Shopify (NYSE: NYSE:SHOP ) emerges as a key player, catching the attention of investors with a crescendo of positive indicators and cautious notes. Let's delve into the harmonious symphony that surrounds Shopify's recent performance.
1. A Harmonious Prelude: Bullish Analyst Report
The stage is set with Wells...
This is my idea on shorting Shopify.
By looking back at Shopify chart, every Gap present in the chart created by slippage etc.. has always been closed.
The "pattern" follows that one that i use for Forex as well, it first targeted a gap created on the 16th Feb 2022, closed it, and is now aiming for the nearest one (which is the only still open).
The idea behind...
I don't want it to be true sooo hoping I'm wrong here... Shopify looks to be entering a short term bearish area.
Still long Shopify overall, think there's nowhere but up for them in the longer term. They've introduced new features for storeowners allowing for capital lending and more so acting like a bank as well as overall improvements to store owners and...
follow trends because once they start to break on the downside, those gaps will start to close quickly.
Price targets are marked
Longer term chart, but something says it won't be long before we see some movement.
good luck
-n
NYSE:SHOP Shopify Inc. ( NYSE:SHOP ) is currently experiencing a bullish momentum in the market, with its recent breakthrough of the $68 resistance level.
This surge in price action has captured the attention of investors and analysts, as the stock is now targeting the next major price point at $89 (Will be taking partial profit at this level) and ultimately...
