Shopify is a powerhouse and a really solid long term investment. Wix is a strong competitor but I honestly think Shopify is the better long term play due to it's easy to use ecommerce interface.
Up nearly 235% from it's March lows, I think it will actually move higher to around $1300 for a 5th and final wave before a major correction back down to its historic lower trend line. There has been RSI divergence since 2017, which doesn't mean it can't continue to diverge for some time but that will ultimately lead to a pullback. Momentum still looks strong on the MACD but volume looks like it is waning with a lot of selling pressure. A fed bill passed next week and I think we will see this final wave.
As always, I am not a financial advisor and this is not financial advise. Do your own research and formulate your own theories. Good Luck!
Up nearly 235% from it's March lows, I think it will actually move higher to around $1300 for a 5th and final wave before a major correction back down to its historic lower trend line. There has been RSI divergence since 2017, which doesn't mean it can't continue to diverge for some time but that will ultimately lead to a pullback. Momentum still looks strong on the MACD but volume looks like it is waning with a lot of selling pressure. A fed bill passed next week and I think we will see this final wave.
As always, I am not a financial advisor and this is not financial advise. Do your own research and formulate your own theories. Good Luck!