As you can see a 4-hour imbalance was created that we can take if the price hits the zone. I also added some cushion to the entry and the SL. I'm not 100% sure this trade will go to our favor, no one does. this is a probability game. use proper risk management, I recommend 1%
For the love of Stocks can we see SHOP going down if this burn still on effect and people dont expect another check from the government?
Majority would be able to afford online shopping????
- NYSE:SHOP has a market cap over $82bn and over 1 million small business customers - definitely one of the best growth stories over the last few years.
-Technically it's maintained a strong uptrend and recently stayed within a steep narrow uptrending Pitchfork. Over 136% since its April 20 lows.
- Some concern that this current run up isn't sustainable...
By issuing shares at these prices, shortly after reporting a good quarter, management must either see tough times ahead, or are just being greedy. Either way, diluting shareholders opportunistically is not a good sign. Expect more equity dilution from other tech darlings.
This thing is ridiculous.
"Shopify has a trailing-twelve-months P/E of 800.37X compared to the Internet - Services industry's P/E of 28.45X."
www.zacks.com
When things get back to normal this will tank. 500's again easy. This bloated quickly and will drop like an elevator that no longer has cables.
No Idea if this is the start of the drop yet. Just watching...
At this point, I will go short because:
1. Reached fibo 1.618 from double bottom , sign price will reverse.
2. Tweezer top cs pattern in making.
I'm predict will go downside around 683 - 687USD before make reversal.
Syeikh Hafiz
Penganalisis Pasaran Saham
$SHOP Possibly Topping Out - Tagged Upper Target
Left open gap down around $660 - this would be a ideal short target near term
No position and definitely a risky short...but I could see this being the near term top for SHOP today. It could use a healthy pull back / cool down over the next couple weeks.
Educational, not investment advice.
La accion a partir de su rally alcista que empezo este enero del 2019 ha causado revuelos lo cual ha llamado la atencion de muchos inversionistas, podemos apreciar como este contenia un buen soporte o zona de vendedores el cual ha sido roto conviertiendose en zona de compradores, si su rally continue puede que supere la barrera de los $800
