SHOP testing 87.4 support, still flirting wth uptrend line!So far, SHOP has tested lower support levels but uptrend line has held by close each time. Looks like it's poised for a bigger move either up or down given that wedge we're in now (which will be determined Monday July 10). Looks like a close above 86 keeps uptrend intact & depending on if it closes closer to the top of today's candle/wick vs. the bottom we'll know what to expect re: breaking out of that wedge (top of candle suggests moving up, bottom would suggest down)...looking good but i'm still waiting to see how we close today and over next days leading up to that wedge uptrend intersection point - guessing back up but could still go either way imo! Regardless, it's def safe to sell some puts for entry/adding anywhere under 91 - even if it does go down for a little while it remains SOLID long! Beginner charting, thoughts welcome:)
SHOP
SHOP uptrend line holds, retests 87.4 - will it close above?Ok looking good. Bounced off the 84.5 trend line, tested/rejected the 87.4 new support but holding > 86 well. Uptrend intact:) Is it fake? We'll know if it closes above or below the uptrend line intersection at ~85. If above, uptrend still intact. If below, could still head lower to complete the head and shoulders. Personally, I think it will hold & either retest and/or break through the 87 level Monday. Though Monday will still be a holiday weekend so i expect volatility due to low volume and likely bear attack before Wednesday - ideal breakout setup would be a doji at the trendline at Monday's close:) Beginner charting - take my expectations with a grain of salt!
SHOP rejects off 91 resis, H & S retest of 84.4 uptrend line?Looks like ever since the 91 offering, SHOP's been trying to find new support (~87.40?) burdened by bear raids...looking like clear head & shoulder forming but will need to break/close below that long uptrend line (84.4) to be sure it's reversing down...personally I think we'll retest that line & it'll hold (providing excellent entry as anything under 91 is solid) and likely bounce off for eventual higher highs - ESP. if ~Aug. 8 earnings encourage...this is a hold long/avg. down during dips company, so don't take any loss here! Personally I'm waiting for retest of 84 level to sell massive puts if it holds. Otherwise, I'll wait and sell even more puts later. I'm also holding Oct. 90 calls at small loss now, which I'm waiting for uptrend test/hold before averaging down. Should have closed them when they were up 20%, lesson learned. Any pros see any problems with the trend/support/res lines I've drawn? Beginner, thoughts welcome!
SHOP tests 84.5 uptrend line - will it hold or down to 81s?!Watching to see if we close above or under the 84.5 uptrend line intersection. Looks like it might close just above it today but depending on how much, I think we may test it again tomorrow - esp. Friday before a long weekend so waiting til then to confirm.
Opportunity to go LONG with SHOPGoing Long with SHOP
Volume and indicators support decision
Enter 10 cents above opening market price on Monday 19th, June, 2017
Exit 5 cents below TP 1 and TP 2
It may take about 20 days to reach PT 2
Good luck!
SHOP at key 94 resistance, retest 91 or break through?:)If closes below 94 resistance, likely chance to enter during retest of 91 early next week before breaking through 94...it was on its way through 100 right when they announced stock offering @ 91/share, rebounding now after being oversold due to fear/panic. Excellent for selling puts/calls.
SHOP testing new support @ 91, long uptrend intact to 84Looks like new 91 support will be tested over coming days, bullish as long as it stays above 84 (longterm trendline intersection) & esp. if volume moves it to re-test 95 area, & if breaks/holds 96, on to 100...beginner learning to chart, advice welcome!
SHOP Shopify has too much movement, can it continue?SHOP, crushed earnings and is an amazing position for the future of e-comerce with its FB & AMZN partnership.
With it being a Canadian company we could see....
- an increase in investor awareness of the company
- possible takeover/merger (eBay might buy SHOP???)
- lots of growth on a Small cap stock of mkt. cap - $8 Bil.
- I've held since 4/10/17 sitting on ~20% Gains
$SHOP - Shopify Long SetupBounced off up trend support line at $68. Headed north of $74 by end of May.
shop - shopifyI'm long the 20jan 45 calls of shopify, and already in profit.
this stock seems to be a clean and clear breakout and possible profit target is 57 area.
if you'd be long on the 01.06.17 (m/d/y) you should have put your stop loss around 44 area, and if you 'd still be holding your position it would be ok to move your stop to 45-46 area now.
SHOP retest gapSHOP is about to complete this retest gap in the top of a long term triangel pattern, if we see a strong break out and retest then buy the retest
Waiting for a breakupConsolidating for the past 3 months, it should break up over the next few weeks.
Enter only if it closes above 0.1267, with stops at 0.1068.
A bullish bitcoin should give a little push to this penny stock, given the risk aversion in the emerging market right now.
To tha moon!Shopping for Bitcoins in the wall street? That's your one and only choice for now, and if you're bullish on Bitcoin this is it.
This stock have been hammered from $10 to less than $0.1 last year, and it looks to be finally bottoming here with a break to the upside.
Bitcoin ETF launch could blow this straight to the moon with all the hype, yet only retracing less than 20% of its value from the peak.
BTCS does mining, ATM, wallet, eCommerce & anything related to Bitcoin, so its fate is really tied to it. If Bitcoin doesn't succeed, so will the company.
The final target will be $2.3, but I will keep selling half upon it doubling on my purchase price..
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Warning: Given the price and speculative play in nature, only bet on those that you can afford to lose and keep the position small.
