Fundamentally $SHOP is growing revenues 50% yoy. That was before the Cannabis craze came into the mix. Here we see that the downtrend is being challenged, double bottom with RSI divergence and support from 78% extreme retrace. Earnings or positive sentiment from Cannabis space could lead to another substantial moving.
Too Cheap
Alibaba is the Amazon of China. It is experiencing crazy sales growth, just like Amazon. The stress seen in Emerging Markets and Chinese Equities has made Alibaba too cheap compared to Amazon. This is a buying opportunity for the long term.
Alibaba (BABA:US) is a Chinese e-commerce powerhouse. Jack Ma, the billionaire visionary and founder has...
Rumors
Shopify is a platform that allows small businesses to launch e-commerce websites, so who knows online retail better than them?
shopify-weed-biz.jpg
Shopify SHOP:CN is a Canadian e-commerce powerhouse. Kylie Jenner made almost a billion dollars and guess which platform is credited with helping her do the most in the make up game?
In February of this...
Shopify SHOP:CN is a Canadian e-commerce powerhouse. Kylie Jenner made almost a billion dollars and guess which platform is credited with helping her do the most in the make up game?
In February of this year news came that it would be partnering with the Ontario Government to handle online cannabis sales with the provincially run Ontario Cannabis Retail Corp. ...
Aurora ACB:CN is a Canadian Cannabis stock that is up 15% today on news it’s in talks with Coca-Cola, about starting a partnership in the weed game. Imagine going to the corner store or wherever beer, wine & liquor are sold and seeing Cannabis infused drinks beside your Bud Light or Corona.
I’ve been asked by many of my subscribers to publish my picks, in real...
Fake out Breakout has reversed and rising wedge pattern has failed as well. This should negatively impact the whole space until investors get some fresh new reason to get excited. legalization in Canada and other countries has shown slowed progress and buyers don't really seem to excited to pile in a these elevated prices.
This is a classic Bull Flag breakout, although not on high volume. While I hold a position in this major Cannabis stock, I'm actually looking for more bang from stocks like $BUDD, $EAT, etc. Looking for a fall to the trendline and bounce to confirm this is real. Don't chase here!
$MU has been a long time favorite, but semis got hit recently on demand concerns. Last analyst meeting MU said the servers using artificial intelligence use six times more DRAM and twice the amount of SSD. Since then, the stock has rallied and is approaching ATH levels. A "failed" breakout here and dip to the gap zone sets the stage for a cup and handle...
To me this smells like a bull trap. Melt up after selling pressure has waned. Until I see a breakout of a reversal pattern on high volume or a capitulation bottom followed by sharp reversal, I am not convinced.
