Tag: SHOPIFY

CFD Trading – Buy Shopify (SHOP.NYS) @ $1030.00. Stop @ $1006.00 and Target @ $1115.00

Nicholas
Shopify Inc. Stock Code SHOP.NYS

Outlook
Recently, price dropped to a low of $875 and MACD gave a divergence warning, hinting of a possible price low in the formation. Last Friday, price broke above the cloud, which could be a sign of a possible bullish trend, moving forward. Conversion line and Base line have yet to crossover but is moving towards each other. Lagging Span is just above price of 26 days ago and above the cloud at the moment.  MACD is bullish and rising and a bullish crossover was seen earlier. If price can move above $1046, it could be heading towards the previous high of $1146.

Strategy                  
$1030.00             Buy
$1115.00             Price Target
$1006.00            Risk Management Stop
3 weeks               Trade Duration

CFD Trading – Sell Shopify (SHOP.NAS) @ $877.00. Stop @ $958.00 and Target @ $690.00

Nicholas
 Shopify Inc. Stock Code SHOP.NAS

Outlook
Price broke above the cloud on 16 April 2020 and has been above the cloud since that day. Price reached a high of $1145 on 3 September 2020 but with bearish divergence warning from MACD. Price dropped below the cloud two days ago on 16 September. Conversion line and Base line had a bearish crossover. Lagging Span is below price of 26 days ago but is inside the cloud at the moment. MACD is bearish at the moment with both its lines far away from the zero line, which is a hint of a strong bearish trend ahead.

Strategy                  
$877.00              Sell
$690.00              Price Target
$958.00              Risk Management Stop
3 weeks              Trade Duration

CFD Trading – Shopify & CIENA Inc

Nicholas

CIENA Corporation Stock Code CIEN.NYS

Outlook
Price has been a range since Aug 2019. From the Aug 2019’s high at $44.47, we saw price declined to $33.24 and from the low, a rally to the high again in late Feb 2020. Another attempt to test the high of $44.47 was not successful and it resulted in price falling below the cloud. There was also a bearish divergence when price tested the high, which is a warning of a possible price high. Both Conversion and Base lines had a bearish crossover, confirming the bearish trend. Lagging Spanning is below price of 26 periods ago and also below the cloud, confirming the bearish trend. MACD has both its line below the zero line and both lines are moving lower, hinting of a bearish price trend.

Strategy
$38.00                Short Sell
$33.30                Price Target
$40.70                Risk Management Stop
3 weeks              Trade Duration

SHOPIFY Inc. Stock Code SHOP.NYS

Outlook
Price reached a high of $593.40 on 12 Feb and has been declining since that high. A gap was closed on the way down, which confirmed an exhaustion gap and the end of a major rally. A subsequent rally also failed to move above this gap. Price declined below the cloud 2 days ago with both Conversion and Base lines having had a bearish crossover earlier.  Lagging Span is below price of 26 periods ago but is still above the cloud. However MACD has both its line below the zero line and both lines are moving lower, hinting of a bearish price trend.

Strategy
$405.00              Short Sell
$318.60              Price Target
$445.50              Risk Management Stop
3 weeks              Trade Duration