SHOPD trade ideas
Shop At a crossroads Got rejected today at the split (Yellow resistance)... A break over resistance and 2000 is the target. Currently showing a shooting star reversal candlestick
Outside of its bollingerband and overbought on MFI
11/19 Watchlist #2 - $SHOP $1700, $1720 C *SCALP* $SHOP $1700 Calls 11/19 *SCALP*
Plan:
Scalp (1-10 minute trade)
Enter $SHOP $1700 C
Exit at $1718
Price targets: $1718, $1720, $1740
Technical Analysis:
Bull flag breakout
Bounce off hourly pivot
Shopify Inc: +12% Session. Target ExceededShopify: +12% Session. Target Exceeded.
Original idea attached.
SHOP 11/15 Weekly breakout Friday creating new ATH. TTM / Stochastic on larger TF’s shifting bullish. Smaller TF’s bearish. We want 1635 - 1640 to hold and create a base in order to see 1700+
11/15-11/19 watchlist #3 $SHOP $1650, $1620 BOUNCE
Price targets: $1675, $1700
Technical Analysis: All-time high breakout & momentum bounce
News Catalyst: "In a week of whipsaw or negative action in many highflying stocks, Shopify stock made a powerful move Friday, clearing a trend line break in huge volume, offering an early entry in the morning and ultimately clearing the 1,650 Buy point" - Investor's Business Daily
SHOP - breaks all time highNice volume on the all time high break out and I see continuation to $1770, based on this rising weekly channel.
There was no news or option flow on friday, so up 12% out of nowhere! haha
If there is any back test, it would be the $1595 level, then upwards again.
shop Long and neutral idea Shop nice breakout!
Watching a break out here. As shop is testing all time highs.
This is the second attempt for shop to break out here.
Strong bullish candle as well as strong volume behind the move. There
was no company related news on the move.
Bullish case:
We can see news start to come out in the coming weeks and shop can start m
moving here. Possible to see shop go to $2000.00 which would be the next
level for shop from here.
Levels to watch is $1450.00 and $1525.00 as long as these levels hold up
target of $2000.00 is very possible.
Neutral case
Based on volume profile:
1390.00 and 1560.00 are areas where support and resistance is holding
really well, stock can continue to trade in this zone again. How ever
price action moves really well above or below these levels.
SHOP update - target 2000Breakout on volume
Cup and handle and now inverse head and shoulders breakout
Shopify has ripped 50% multiple times in the past
This company is hugely undervalued being a platform now for other multibillion dollar companies (e.g oatly, bird etc)
SHOP short term neutral $SHOP #SHOP in consolidation between $1395.00 and $1565.00. Moving averages consolidated as well move coming in shop. MACD looking to cross down here.
Short term analysis is bearish on shop. However these are critical levels on shop, we can see shop test the lower levels or even trend line before moving higher.
$TWLO market capitulation play...I love this stock but...if we drop hard the next few days due to evergrande...maybe we play a downside put here. $1,400/$1,350 put spread this week or next...high risk
$SHOP looks ready to go...If all goes well this week, SHOP is looking at that ATH. Technically looks ready for another nice green bar
SHOP - Good Bullish MomentumI'm looking for SHOP to potentially challenge recent highs around
Buying Nov19 155/160 call spread, with a little help selling otm Nov05 put and call spreads. Total cost .65
Trade has a theta of .52, so keeping options open for next week.
$SHOP set up for ATH...Post earnings, solid buying into last week and to start this week. All is set for a move to ATHs over the next two weeks. I'm in a same week $1,550/$1,600, could find a $1,650/$1,700 a few weeks out as an option.
Trade Setup: Shopify SHOP emerging from it's value area.
If it can hold $1510, then it has potential to $1566 to $1588.
Current: $1518
Stop: $1497
SHOP getting ready for takeoff 🚀Shop daily trading in this range. Once we break out to the upside we can really fly if we break the All Time High. I would wait for the ripster clouds to also turn green again first.
$SHOP earnings behind, sitting at the VWAP...Very interesting position here, with earnings behind us and a positive reaction after earnings, we now find ourselves at the VWAP. If big money is still buying what SHOP is selling, then we would look to make a nice move next week. Call spread a few weeks out look interesting. Will keep watching.
SHOP expanding diagonalSHOP has a bearish scenario unless it breaks above the line, simple.
GOOD LUCK!
SHOP earnings releaseI consider $SHOP a good investment in the $1200's, and a compelling investment in the $1100s.
But Shopify is not necessarily a great short-term trade, today and next week. Shopify likely to be oversold, near-term.
I own shares long, and will selectively add to these holdings. I also own one in the money December call that will most likely be out of the money on today's open. Not sure what I'm going to do with it.
Amazing to note the recent selling pressure in advance of the ER today.
