Shopify Inc.شراء
Shopify Hitting New Highs - Strong Growth Stock
- 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 - we are seeing negative divergence.
- Want to be a buyer but not at these prices - will be waiting for a pullback to the identified demand zone or when the Connor's RSI hits the buy zone. Don't expect to see prices coming down to the April 20 lows anytime soon. We might see a bigger price reset once we get out of the Corona world - shopify is extremely attractive in the Corona world.
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 - we are seeing negative divergence.
- Want to be a buyer but not at these prices - will be waiting for a pullback to the identified demand zone or when the Connor's RSI hits the buy zone. Don't expect to see prices coming down to the April 20 lows anytime soon. We might see a bigger price reset once we get out of the Corona world - shopify is extremely attractive in the Corona world.
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