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Shopify

A quick analysis of SHOP, what can we see? Today we will take a quick look at the SHOP chart. What we can see here is: a) Ascending Channel, the price was rejected from the lower trendline. b) ABC corrective pattern (apparently finished). c) Support/Resistance zone (we want to see the price above that level, to think in bullish opportunities). Based on all those items, if the price reaches our green horizontal line, we will consider that to activate the bullish view towards the targets we have defined using fibo extensions. Our invalidation level will be below "C" either the analysis is executed or not. Thanks for reading!
NYSE:SHOP
by ThinkingAntsOk
2
$SHOPShopify stock has made long-term investors a boatload of money. If you would have been able to buy shares of the e-commerce subscription platform at its 2015 IPO price, you'd be sitting on gains of nearly 9,000%! In this short period, the company has risen to become the largest Canadian company by market capitalization with a valuation approaching $200 billion. Still, the company has its work cut out for it to earn "four-comma status" by 2025. In the second quarter, Shopify did so by beating analyst expectations on the top line by reporting total revenue growth of 57% and its first $1 billion quarter. However, the numbers are even better than they initially appear when broken down by segment. Shopify's smaller revenue source is subscription services, the fees it charges sellers, or "merchants," to use its tools. The second is merchant services, which consists of the revenue Shopify earns from those merchants in the form of add-on services like payment processing and transaction fees. In the year-ago quarter, merchant services grew faster than subscription revenue, which makes sense when you consider the pandemic increased the demand for online shopping. This year's growth was led by subscription services, which was boosted by more merchants beginning to use Shopify's e-commerce platform and existing merchants buying higher-priced subscription bundles. When we take a look at the technical side of things Shopify looks incredible on the higher timeframes. Looking at the weekly chart we are currently sitting at long term support and this might be something you might want to keep your eyes on going into next weeks trading sessions. If price is able to hold these levels we could see Shopify continue it way up. When we move down to the daily chart for indicators we have; MACD curling RSI breaking above 50. Watchlist this.
NYSE:SHOPLong
by TheBlankFund
Weekly Outlook! 7/6 - 7/9Check out what stocks we are watching for the coming week! As well as a recap of last week's video! NYSE:ABBV We are looking for a breakout of it's current pennant pattern over the $115.60 area. We could see a return back to all time highs here NASDAQ:AMZN We are looking for a breakout of recent highs of $3525 for a re-test of all time highs, and ultimately a breakout of all time highs over $3554. NASDAQ:NFLX We are watching for a break of trend resistance over the $539 level for a gap fill up to $546 NYSE:SHOP We are watching this to break out of it's current bullflag pattern over $1500 for another move higher.
NYSE:SHOPLong
by ThirtyninethParallelInvestment
1
US Stock In Play: $SHOP (Shopify Inc)Upon the announcement of expanded partnership with Facebook ($FB) and Google ($GOOGL) for its one-click checkout to be made available to all merchants selling on Facebook and Google even if they do not use $SHOP, $SHOP broke out of its Cup and Handle chart pattern with a significant rally of +14.62%, triggering along with surge in transactional volume exceeding 100% of its 50D average. With $SHOP making consecutive attempts to print a new all time high closing this week, a price action close above its mid-term trend channel is likely to impose a parabolical price surge in $SHOP in the next 2 weeks. 52 weeks high for $SHOP is at $1552.23. $SHOP a commerce company, provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company’s platform provides merchants to run their business in 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
NYSE:SHOPLong
by jfsrevg