Potential Short for SHOPPotential Short for SHOP, Breaking the support could lead to potential short.
SHOPD trade ideas
Breakout trade in SHOPShopify needs no introduction. If you bought something online from anywhere other than Amazon, the sale probably ran through Shopify.
The stock is up 175% since October and proving to be a market leader.
The recent action shows shallowing retracements on declining volume – a textbook breakout pattern or "VCP Pattern" as described by Mark Minervini
I would consider buying on a move above $66.60 with a stop loss at $61.00 to risk roughly 8% on the trade.
$SHOPI am not a financial adviser, speak with your partner or mom before making important decisions about your money.
SHOP - closing on a critical crossroad
Holding the daily MAs and moving on a good volume.
Momentum favors this to take it to 74 or possibly 82 before a pullback.
Stop loss now 64.5
Long via commons. (half position)
Just use your imagination. What have other stocks done after??Looks pretty darn bottom to me. I stare at charts for 6 years and things just stand out like a sore thumb.
I wont even put price targets, cause they will be mocked. New all time highs I would imagine though.
Somehow this company will integrate with coinbase, I am almost certain of it.
Shop long ideawaiting for this breakout to 65+...
70 tg
consolidation 60-65... options flow slightly positive (itm c's all week)
Watchlist 2023-06-16 $ENVX $CRWD $MU $SHOP $CMAAMEX:SPY hitting 14 month highs on Thursday, rallying this Friday the morning, likely lead by NVDA's price target and weighing upgrade by MS. Changing their price target from $450 to $500l. Chips stocks gapping up
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NASDAQ:ENVX - Enovix hits Q2 milestone early, producing 18K battery cells. Gapping up 1.75 ATRs ABOVE the yearly cup and handle res at 15.25. HOWEVER, RVOL at time is only 0.4 so we will need to see the vol pick up in the morning, Typical first 5 min bar is ~100K , so a 200K bar which be a good indication that RVOL has arrived.
Support 14.72
Resistance 19.29
Inflection 15.25
Lots of other BO's setting up this morning.
NASDAQ:CRWD - Mizuho Adjusts Price Target on CrowdStrike to $180 From $175, Maintains Buy Rating. Support trade off 161.40 if we see buyers stepping up. Need to has multiple touches of the key level and retest in the range for confirmation. If there is a weak bounce after the initial test, that is a signal to either reduce position or get out.
NASDAQ:MU - rallying off NVDA's news that morgan Stanley increases their price target again from $450 to $500, while saying AMD will be a lagger. If MU can find a bid, there is plenty of room to 74.
NASDAQ:AMD - if chip stocks sell off today, looking for find a place to short ADM as it is the onlly chip not rallying this AM.
NYSE:SHOP = buy over 67
NYSE:CMA - RVOL over 2, over 44.25 is a long
Comment what you are watching!
$SHOP has a good plan to take more capitalization in a monthNYSE:SHOP
$SHOP picture looks like it is ready to start pushing off the low board of the channel and make a moving for the 40% nearest time repeating a jump withing the funnel.
Lets observe in some weeks.
$SHOP::$41->$58::40%::20 days (Mar, 10 buy).
Does not constitute a recommendation.
#investing #stocks #furoreggs #forecast
SHOP is ready to pump 45 % (NEW)SHOP is ready to pump 45 %.
We can see an inverted head and shoulders pattern. We got a higher low which shows a demand.
The target is shown on the chart($60)
You can put a stop loss below the head of the formation
Someone accumulating SHOP post earnings?Yet another Wyckoff pattern. I believe this pattern matches the Wyckoff schematic shared in the chart. I am making my list and checking it twice...
Wyckoff checklist:
PS—preliminary support, Done
SC—selling climax, Done
AR—automatic rally, Done
ST—secondary test, Done
Spring - optional, Done
Test— test, ACTIVE. We are looking for a series of higher lows to confirm the uptrend. We have yet to confirm the first higher low.
SOS—sign of strength,
LPS—last point of support,
BU—“back-up”,
$SHOP Ready to Buy?NYSE:SHOP – I have been looking at Shopify since earnings and it looks to me that it is ready to buy, in fact I started a ¼ size already this morning. See chart for my notations. This may be actionable “if” it fits your trading style. It has been basing for about 14 months now. A traditional break-out would be a close over May 23rds high of 65.54. I am early and already a little underwater, but my stop will be a close under the earnings AVWAP (lime green line). Ideas, not investing / trading advice.
Thanks for looking. Constructive comments always welcome.
Shop long above 59.35I like shop long as long as we hold above these levels... the bull flag slightly obvious, and breakout of it has been fakeout all month...
expecting this June monthly candle to close green and this flag to ultimately break up; targets 65-70.
SHOPIFY targeting 75.00It's been 10 months since we last analyzed Shopify Inc. (SHOP) and called for a $60 target (see chart below):
The stock recently hit that level and we now see that it's trading within a Bullish Megaphone/ Channel Up combo pattern. With the 1D MA50 as its Support and recent strong fundamentals, we now set the next medium-term target at $75.00 to fill Gap 3. The 1D RSI has been on a Higher Lows trend-line, clearly indicating the most optimal buy entry within the pattern.
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$SHOP bull flagNYSE:SHOP bull flag, needs to break out before it can continue higher to next resistance level which is the horizontal line. Very nice bottoming base.
SHOP: Buy idea Buy idea on SHOP as you see on the chart we have the breakout of vwap and the resistance line.Thanks!
SHOP | LevelsStocks still has rich valuation, would not buy 700$ unless market changes. Would buy 300-400 for long term whatever market conditions.
$SHOP Pullback SetupNYSE:SHOP potential spot to fish this off its 21 EMA after a strong earning gap up with multiple pocket pivots to follow.
Volume on pullback looks good.
Shopify $SHOP LongShopify
Chart Pattern: Ascending Channel
Perspective: Long
Stop loss: Touch the bottom of the channel
NYSE:SHOP SKILLING:NASDAQ AMEX:SPY
$SHOP Bottoming patternNYSE:SHOP Nice Bottoming patter on the weekly chart, starting bullish consolidation. Bullish above the horizontal line bearish below.
lets go shopping for SHOP $shopNYSE:SHOP
- uptrend continuous
- MACD 1D crossover
- Trend Intact
++ trade within your limits ++
$SHOP - bull and bear thesisNYSE:SHOP
Daily timeframe
* Breakout of the bear flag, I think it goes to $72.90
Bull: If price breaks above the December 2018 anchored vwap, $72.90 is next
Bear: A rejection off the December 2018 anchored vwap, a move back to $39.80
Retest support. MACD Buy. Target Next Resistance.1. Retest support.
2. MACD Buy.
3. Target Next Resistance.
4. TAYOR & Good Luck
