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SHOPIFY INC CEDEAR EA 107 RE 1 COM(USD)SHOPIFY INC CEDEAR EA 107 RE 1 COM(USD)SHOPIFY INC CEDEAR EA 107 RE 1 COM(USD)

SHOPIFY INC CEDEAR EA 107 RE 1 COM(USD)

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SHOPD trade ideas

SHOPIFY Bottom PotentialAn upward channel can be drawn from a strong trend line point on SHOPIFY It provides a chart like this, showing a clear top, and also a potential bottom that aligns with the 4.618 fib An attempted support can be seen to have formed at 2.618 (yellow) This leaves 4.618 as a bottom point, which has also been seen as a bottom in the past (green) Two bullish chart patterns can be seen on chart along with one bearish Ascending and Descending wedge both acting bullishly Followed by a Double top, considered a bearish pattern
NYSE:SHOP
by Bixley
2
Swing Play into Stock SplitThis is very risky given market conditions and recent price action in Shopify. This stock has gotten completely beaten recently, maybe its just the Canadian curse. We are in a bearish market so this can easily be wiped out by tomorrow. Please be careful. Now i dont recommend trading during these conditiona but i have been accumulating this stock for the long term but i do believe a possible swing trade is presenting itself. Shop looks to be breaking out of falling wedge but so far only peaking. Bullish rsi divergence. I think people will want this stock back at 1000$ before the split in july. Price was declining on smaller volume but we need it to pick up to really have a nice move up. I would wait for retest or confirmation before entry, use tight stop losses i suggest ~360 ish. SMA 50 and 200 acting as major resistance. For shorter term PTs: 486, 540, 600. DYOR.
NYSE:SHOP
by AngD1899
3
SHOP Support reached. Ready for a reversal soon.Shopify has a plan to dominate and they're not just reaching entrepreneurs and small sized businesses these days. They're gunning for large retailers and they're making ground. Especially with web developers salaries increasing and a shortage in experienced devs around the world. Junior devs are desperate for a start but lack the understanding to not be a burden on companies to train. Shopify provides the option to save businesses from this problem in a society where shopping online becomes more frequent and an important tool to reach more and more consumers.
NYSE:SHOPLong
by arbee3000
SHOPIFY-SHORT TERM BULLISH SCENARIOQ1 miss and forecast for a lower revenue growth led to new selloffs and a 15% day drop for Shopify. The Canadian company lost more than 80 % from its peak in November 2021. $300 is a key level for Shopify if a breakout occurs drop to $180 will be inevitable. On the other hand, the $300 level may be a good positioning opportunity for a short-term bullish scenario to the $ 400 resistance. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:SHOPLong
by legacyFXofficial
SHOP, At What Prices May This MAJOR Correction End?How far SHOP can go down? There will be a bounce ? If yes at what possible prices? We accurately predicted the stock path several weeks ago by means of Elliott waves and called for a Big Shor t at ATH ! What is next? Currently SHOP is in a MAJOR correction. SHOPIFY completed a primary degree wave cycle which was started at 18.48 USD on Jan 2016 at its ATH (1762.92). This wave cycle lasted for 6 years and showed 95 times growth from the very bottom to the very top. Since then , Stock started a correction to that cycle which is primary degree wave 2 . This is really a sharp decline. As shown on the chart It is now reaching to 50 % Retracement of primary wave 1 at 890 USD. Possible labels in correcting patterns are shown on the chart. It is not know at this time which labels ( e.g 1 or A ) is a true one. We have to wait for correction waves to unfold in order to decide between them. Can it go further down even lower than 50 % Retracement? Of course it can ! I am afraid to say that Unfortunately most possible Retracement for large degree wave 2s is 0.786 level . If this happens SHOPIFY may see unbelievable 391 USD at the end of correction. For now lets hope for higher Fibonacci levels e.g 0.618 Golden Ratio at 684 USD. Although It is possible for the correction to end at all shown Fibonacci levels , I tried to give them a probability ( As I see) by means of thickness of arrows with narrowest to be least probable and thickest to be the most. Good news for long term investor and holders is next long term bull run which is primary wave 3 will push the price up to above 3000 USD ! We keep it in watch and go shopping in appropriate time ! Lets follow !
NYSE:SHOP
by SaeedSajedi
8
Shopify (NYSE: $SHOP): Insane 77%+ Pull Back In Effect!⚡Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.
NYSE:SHOPLong
by Bullishcharts
4
SHOP Earnings Miss | Slowest Revenue Growth in Seven YearsIf you haven`t sold SHOP at $945: Then you should know that Shopify said adjusted earnings for Q1 came in at 20 cents per share per share VS a profit of $2.01 per share over the same period last year and VS a consensus forecast of 77 cents per share. Gross merchandise volumes rose 16% to $43.2 billion VS Street forecasts of a $45.4 billion. The stock is closer to our $350-400 buy range now. Looking forward to read your opinion about it.
NYSE:SHOPShort
by TopgOptions
2
$SHOP Short Opportunity$SHOP $537 level to watch to get shorts out of their positions and puke it up. Monthly VWAP has been acting as real resistance with some flattening occuring signaling some strong buying/covering here as volume and OBV also checks out here. Still a daily bear flag, but this is a similar fractal pattern as you will see on all timeframes from 1 minute up to daily/weekly, sometimes what looks to be easy shorting turns into a short squeeze that only serves to knock you out and flip your bias as short term as it maybe.
NYSE:SHOPShort
by Todoubled23
SHOP ready to reverse?SHOP is showing an interesting setup. Previous support now acting as resistance ($450). This is also a strong psychological level. If we break and hold above $450 there is room to $510 Trade idea: Entry price: $450 (Break and hold above) *Always wait for confirmation* Targets: $472.50 , $490 and $510 Option Strike: 510c 5/6 (Currently trading at $10.80) Stop Loss: $405.00 Disclaimer: This is not a trading advice nor a buy/sell signal. This is for educational purposes only. Trade at your own risk
NYSE:SHOPLong
by TheBullandBearLounge
Short term rally for ShopifySHOP has caught my eye. TA: The price has been consolidating at the bottom of the latest downtrend. • Heikin Ashi bars are all largely dojis or slightly positive after a strong downtrend, signally a possible reversal. • Fibonacci retracement levels are all positive. • EMAS are inside the Fib levels. First resistance would be the 50 EMA and 0.382 Fib • RSI has been oversold and is now increasing • MACD histogram has turned green with a positive crossover of the MACD / Signal line Target 1: First resistance would be the 50 EMA and .382 Fib between $545 - $550 Target 2: If the 50 EMA is flipped the next resistance level is the 100 EMA and .618 Fib between $625 - $645 The newly found positive moment may start to flip the remaining EMAS with the 50 and 100 crossing the 200, which would be a full trend reversal. The stock market sentiment is still bearish for now, so we might just see the first 2 targets. FA: Shopify will release earnings report on Thursday 5th May before market open. Tradingview has the EPS estimate @ $0.64 with a Rev of $1.24B Earnings whispers has the EPS estimate @ $0.97 with a Rev of $1.25B with a 26% Expected revenue growth. Potentially a beat on EPS and good growth will be a good catalyst. Buying today when market opens.
NYSE:SHOPLong
by HolleyIG