I somehow missed this chart before due to its short history. My data goes back only to 2015 and there is no weekly 200SMA as yet. However, it looks strong.
From simple price action perspective, we've been in a decent uptrend since price broke above $50. Currently approaching major resistance at $100. I would stand aside until we see price above this level. I am...
I somehow didn't come across his chart before. The reason may have been its short history. My data goes back only to 2015 and there is no weekly 200SMA as yet. However, it looks strong.
From simple price action perspective, it's been in an good uptrend since it broke above $50. Currently it's approaching major resistance at $100. If we see a positive move above...
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???)
...
SHOP
SHOP will continue long. Big run up on earnings put it above the upper Bollinger Band, so the last two small down days is bringing it back into the and expect it to continue up on Friday.
Dealing with the FOMO (fear of missing out) with SHOP. I had on a couple of occasions written ITM short puts (synthetic covered calls) and done well when this was in the 30s. It has run too far, too fast and I guess I feel like I missed this one. It hasn't made any money but even AMZN won't compete against them.....regardless if the overall market turns this...
There is too much to like about shopify which is my biggest investment to date plan to hold this stock from $50 for many years with many analysts comparing as the new amazon. i wont offer my investment advice suggest to do some research as i am short on time but there is possibly some long swing setting up here in the action zone
Last entry point was very good. After FOMC decision we can do further buys especially in stocks with good growth dynamics. New entry point or add on after reaching new historical high on good volume
The relatively recent IPO (Initial Public Offering). My experience shows that the technology sector stocks with growing financial indicators have great potential. Many examples of this. In a very strong report the stock responded with a good growth . At the moment the correction has passed, and you can try to open a position above $ 60, if the volume is good
