Hi guys so this is a Macro analysis on Shopify (SHOP). Recent weeks of price action have got my eyes on SHOP. Lets jump right in. This analysis is done on the 1 week timeframe thus supporting a Macro lens look on whats happening. As you can see, ive highlighted key area with an Orange rectangle. Below it, you can see candles attempting to get into it and...
If you haven`t exit SHOP when the selloff started: Then analyzing the options chain and the chart patterns of SHOP Shopify prior to the earnings report this week, I would consider purchasing the 78usd strike price Calls with an expiration date of 2024-5-10, for a premium of approximately $3.75. If these options prove to be profitable prior to the earnings...
5/8/24 - vrockstar - would like to buy it, could be a trade to the mid/ high 60s fam, but likely won't stick and act as exit liquidity for guys needing to size manage. what's more likely if you saw other ecomm/ retail, lulu comes to mind, is a gamma drag thru the day all else equal, all pumps being sold. the math here is "expensive" we all know it. you know it, i...
Reasons for bullish bias: - Price is sitting at daily support - Price gave breakout of B point in XABCD pattern - Bullish candles accompanying since previous support - TP1 till resistance - No divergence Here are the recommended trading levels: Entry Level(CMP): 77.20 Stop Loss Level: 72.11 Take Profit Level 1: 82.56 Take Profit Level 2: Open Downside: Earnings...
Of course, all ideas are my opinion alone. SHOP went a bit crazy last week but still rejected the same gap from the Winter 22' pullback. Looking at this head and shoulders on the daily, PA seemingly looking for a touch of the gap below around $64. May have to wait for the first week of April for the move to be underway. Keep on Watch, with a Bullish Market, $82+...
NYSE:SHOP Short to range downside. Going with immediate downside pressure here although in a range. Good RR
Shopify is coming into an important close this week. A close below the upper weekly bollinger band 1 std would signal a deeper sell off is likely. All previous closes below that upper band have led to a correction to at least the mid BB, which is currently 70.70 (moving up). This could be a key indicator in telling if Shopify has already bottomed.
We can see a reaction of the price on the market shift and on the Supply which initiated this market shift, after that we can see a distribution of orders with double break of structure. We can expect the price to reach 56$ and continue downside.
After a long pullback, shopify is going up. risk: mild
Holding SHOP 80C 3/28 @1.95 since 3/14, I'll update this with how it goes I feel like the chart is straight forward, also my first chart in a long time Will also do Higher time frame analysis and post it Timeframes Used: The 15/30 min, 4hr, 5 Day Above is the 30 minute time frame in which you can see the Bull flag aswelll as the rounding base forming ...
I could see a short term dip to SMA-trend support levels below.. nice cluster support there. After that bulls should take control and take it to my targets at 90-118 🎯 last chart from me today, boost and follow for more ❤️🔥 see you soon hopefully
I mainly like SHOP to the upside but I do have downside targets marked. As always, tomorrow's open will tell us what we need to know for direction.
SHOP charted for the upward move along with the downward move.
NYSE:SHOP looks pretty good here. It seems to be bull flagging (teal channel) in a solid uptrend both on a shorter term (green channel) and longer term (purple channel) view. Looks like a solid buy here for a continuation higher. Target 1: 88 (resistance of red downtrend channel from ATH) Target 2: 105 (resistance of green uptrend channel from Nov. low) Target...
Shopify stock has seen sideways momentum for the last few weeks despite posting good results in the recent quarter. One of the reasons is the bull run in early 2023 due to which the stock has seen over 60% jump in year-to-date. Shopify has been able to reignite revenue growth in the last few quarters and there are strong tailwinds that can help the company improve...
Thank you as always for watching my video. I hope you learned something educational!
NYSE:SHOP -Positive trend and following trendlines -Exceptions on Octobers (different low trendline) -Just did a correction and filled a vector -Already hit the 50EMA in the daily timeframe, and very close to hitting the 800EMA in the hourly timeframe -A huge gap ~85.5 to be filled, and possible higher targets -Stop loss slightly lower than ~70 (as it means it...