Up Trend for shopifySentiment : Netural Trend : mixed Fundament : strong Opinion : positive Trend line breaks out High volume activity Bullish harami chart patern Next target : 1100 $ Stop loss : 798by Dishabenpatel112
$SHOP sign of reversal here?we have to confirm our support , to see the first sign of reversal, which we have to pass our first resistant , then the second resistant where we see a massive confirmation to bullish continuation Longby TRADING-JESUS222
SHOP (1D) - Dead Cat bounce coming ? Hi Traders, its alredy some time since my previous Bearish analysis for Fintech and high Growth companies. Seems like we got first impulse on 1D chart. RSI is positively COnverging. What could mean a retrace after huge DIP for many stocks around (MINUS) 50 to 90% from ATH. Yes, this will be probably quick / sharp retrace, most of the retail will get in too late just on top of Wave B. Be prepared and always use stop-loss. Stay safe (sane) and enjoy the ride ;) Previous idea for SHOPIFY Longby Longevity_ContrarianUpdated 552
SHOPIFY - BULLISH SCENARIOShopify Inc. is preparing for a test of the first major resistance level located at $710. Successful breakout will push the price to the 2nd resistance at $800. On the other hand, if the attempt is not successful, we may witness a retest of the $520 support. 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.Longby legacyFXofficial3
$SHOP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SHOP after a Negative Under reaction following its earnings release placing the stock in drift D.Longby EPSMomentum0
Shopify - CAD - Crucial ResistanceShopify - CAD In Crucial Resistance Should trade above 707 on a daily timeframe can expect a short-term target of 10% up move. Longby Technicals_From_MyPerspectiveUpdated 1
SHOP, Lots of long and short opportunities ! We keep it on watchSHOP is beautifully offering lots of long and short opportunities ! Are we prepared in advance ? Of course we are. SHOP has started new motive rally from 1005.14 on 26 Mar 2021 and so far has completed wave (1), wave 1, 2,3 and probably wave 4 of (3) and now is probably completing wave 5 of (3) which will terminate at two proposed strong resistances which are 1641 and 1710. After completing this up going wave, there will be a short opportunity to catch wave (4) down to 1405 , 1333 and 1260 corresponding to 0.382, 0.5 and 0.618 Fibonacci levels respectively.After that, another and last up going wave (5) will start. After making a new ATH , there will be a great short chance down to prices below 1000. Who wants to miss the chance? Please note that, this is the most probable scenario for now. Should it need any update, it will be done later. We are prepared in advance to make profit. We trade smartly and objectively. We see the chances but never jump into the trade blindly. Right? by SaeedSajediUpdated 242414
SHOPAbove the yellow line, the targets are above in the chart below it. The target is below, and the most important thing is not to break the area below by closing a day candleby alqusari_yahya3
Shopify | Distribution Phase | SupportShopify will test the support and it is a hard support so it'll enter into the distribution phase after that.Shortby waseemahmedfaruqi1
Shopping at GAPs..!These days, your stocks create big gaps (usually down side) after earnings! Some People think this could be a good opportunity to enter a long position. but Is it really good to do that? My simple answer to this question is: No Why? Look at these examples in the past few months: FB: DOCU: PYPL: F: ZM: PINS: WISH: UPST: BABA: I hope you are convinced by now..! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. Educationby MoshkelgoshaUpdated 5531
SHOP is a BUY at current levelsLong SHOP. Shopify has gone down from $1800 to $660. Bases on the trendline and Fibonacci it looks like a buy. What are your thoughts?Long05:57by bogene2020Updated 222
SHOP bullish setup SHOP Thursday put in huge reversal candle w the rest of the market. Above average volume on the day. RSI bullish divergence noted. This looks ripe to test breakdown candle high in the 730 area, and then if it can really get going it can fill the gap up to 840. I saw a lot of 03/18 calls come through yesterday and today too. You could look for 03/18 800/840 call debit spreads here for a play on the potential gap fill i think Longby rsaylor55110
Buy opportunities There are many sellers locked in and we would look for a potential entry at the areas/levels of value.Longby UPW-CAPITAL0
SHOPIFY: Can the hole get bigger? The answer is YES!I would not want to be owning Shopify stock this year. I think we strike one more low to the .5 retracement and then bounce up to about $1000 for a B-Wave, before a final C-Wave down to the $210-$330 region. It will be a painful year for Shopify owners I believe. The move down so far does not resemble ABC structure. Also, it needs to be longer in terms of time. Good luck. Shortby TomDaSpankEngine4410
Shopify Inc support brokenShopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.Shortby zrrsysUpdated 0
Shopify Inc Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.Longby zrrsysUpdated 4
SHOP YEARLY 22 REVERSALWe are seeing most of the big names of 2020 head back to their pre-pandemic prices. $SHOP has triggered a 22 reversal on the yearly chart. My final pt is 305.30 Until then I'd hold off on dip buying. As you can see it's already down by $1000 from ATH and -53% on the year. Refer to the strat combo sheet to see which set up I am referencing. I'll forewarn that most of my charts will have bearish reversals with a select few having bullish set upsShortby cleostratra0
!!!!! going to 400, its overvalued !!!!!!!!!! going to 400, its overvalued !!!!! IT IS CLEAR THAT IT WILL FOLLOW THE SAME PATH AS PAYPAL, FOR NOW THE OBJECTIVE IS 400 Shortby benizalemanUpdated 112
This could hit 420Looks like it is heading towards 420. If it did, expect a huge bounce back of $100 or so once it hits 400-420 range. by babu_trader0
Getting Better Prices 🎯Hello Fellow Trader! Key Points: - candle appear effort to fall on ultra volume - Flag pattern appeared after the downtrend - Price penetration flag pattern on ultra volume - Price breached the resistance area If: the price rose to the support area and closed above it - this indicates that the structure is not in our favor and it would be wise to reduce exposure or close the position until a strong signal gives us reasons to re-enter. The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capitalby hokas2
SHOP, Why Their 32 P/E Ratio Is False And Its Actually Over 250At first glance, Shopify seems to be at a Undervalued Price Point. They have huge growth, crazy Net Incomes, Profitability, and an Under 35 P/E ratio. However, taking a look deeper into their Financials, Shopify's P/E ratio is actually much more than 250, which is almost 10x the P/E Ratio given on many brokerages. So What Gives? Most of Shopify's Net Income is from their "Equity Investments" NOT SHOPIFY/THEIR PLATFORM. In fact, Shopify made $1,340.8 Million ($1.34 Billion) in Net Income from these Equity Investments. Their actual adjusted Net Profit (Without Equity Investments) is, $102 Million. This means that over 90% of Shopify's "Net Income" is actually from their "equity investments". These Equity Investments are AFRM and GLBE, both of these stocks are down heavy from their 52 week highs, which represents Shopify also losing lots of money. Currently, Shopify owns around 20+ Million Shares of Affirm (AFRM) and a million shares of GLBE. These shares both lost SUBSTANTIAL Amount of money since last quarter. @ IPO AFRM was trading at $117 which represented $2.34 Billion worth of Shares that Shopify owned, at the 52 Week high these shares became worth around $3.6 Billion, now Shopify's AFRM shares ,which is currently trading at $63, are only worth $1.3 Billion, representing a $1 BILLION LOSS in Share Value from the IPO. This doesn't include their substantial loss in GLBE, which is down almost 60% from its 52 week highs. Once earnings comes rolling around, Shopify will have to report their substantial loss on these AFRM and GLBE shares, which could push the Company into being very unprofitable for the Company. The market today completely slaughters stocks that are deemed unprofitable and overvalued. The market is punishing stocks and once investors realize that Shopify's PE Ratio is actually WELL OVER 250, and that they aren't as profitable, the Stock could have a heavy dump on Earnings. Very few investors know about their heavy losses on AFRM, and GLBE. Shopify on earnings will be very interesting, they will not have an overall positive Net Income from these investments. If Investors notice their heavy loss on AFRM and GLBE, the Stock could sink, and it's possible to see SHOP @ $700-$520 given how people view it.Shortby XRPisDeadUpdated 447
SHOP: Short IdeaShopify has lost 55% since ATH, it´s in a bear trend, broke an important support @880, and still falling with high selling pressure. What do I expect in the next days/weeks? Further drops. My plan? Here´s what I´m gonna do: 1) I expect a momentaneous recovery in the week. Why? The stock market never goes directly to 0, the price always fluctuates, moves in waves (ups and downs), but the overall trend prevails. Also, sellers will take profits in the way down, causing a small recovery. That being said, I will start adding 15% of my total capital for this trade (Risk Management). 2) Once the stock resumes the trend I will add 25% at the breakout of the first trade. 3) 3% down since 2), I will add 40% as the trend, once again, is confirmed. 4) Last but not least, I will add the last 20% after a 4% drop since 2) happened. Average price $810, take profit @625, total profit 23,47%. All ideas are welcome! Thanks for your time! Shortby vieiraj14Updated 0