Agree on SHOP price target and think it can be reached by year-end, or Q1 2020.
I was trying to interpret your chart on WDAY ... I see it ranging from $220 to $270 next 6 top 8 months, and appears to be somewhat oversold at current levels.
Would also be interested to read your comments on TWLO.
Gelium
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@goledger, WDAY shares may rise to the 350 area in the long term. I see it as safer to buy a call option when the 283 is broken upwards.
TWLO shares were bought back at the approach to the 50% retracement level. The price broke up the descending resistance level. A price fixation above 405.80 will confirm the bullish sentiment. On the upward breakout of the 457 resistance level, I will buy call options for a quarter or two quarters. Let's look at the dynamics around 457.
Good comments/ thoughts. Note: I started raising cash last week anticipating the current #NDX melt-up stalling out. This morning finds me with month-to-date performance, but too much in cash.
So I have a bias to add position back, such as TWLO.
Opened a TWLO Oct 370/430 spread this morning with intent of closing short side on a pullback, but thinking there is better likelihood that it hits $407 near term.
Gelium
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@goledger, Nasdaq renews the highs. So there is a chance for growth. The possibility of a summer decline in activity is a little alarming. Successful trading! :)