While certainly one to trade - if you get your timing right - I think this is also one to tuck away for the long term. There are only a handful of major players in this area of business and they will only get stronger and stronger. Could Shopify become a takeover target?
What a bounce with this one! If it can hold this level then we might be moving towards another upward surge. One problem - the markets are not helping the situation.
Update on graph:- This one looks more bullish than bearish - there is resistance at $150, $160 and $170 and any gradual rise through these levels would be very very bullish. At the moment there is support at $122 and $118 so any move through these would signal the recovery is over.
Review: Let it settle first ($140.17) The recently announced fund raising has not gone down well in these jittery markets:- https://www.fool.com/investing/2018/12/14/why-shopify-stock-dropped-today.aspx However, in the longer term it will give the company more fire power. The shares have done well over the last 12 months so can we really blame management for making an opportunistic fund raising announcement?
Looks to me like the shares were ramped ahead of this fund raising so it wasnt a "giveaway" price. I think this move is a reflection of the underlying confidence of the directors (especially in these market conditions). Very positive in the longer term.
I have seen this software on many e-commerce sites and it does seem to be growing in popularity. This share price has nearly quadrupled in just two years!
It looks as though this one is still in an upward trend but how far can it go before we see a significant bout of profit-taking?
This one is a dream but how much longer it can remain in the strong bull trend is debateable. Imagine buying these a year or two ago
Ironically, Shopify was probably one seen as a takeover target but is now likely to need takeover is itself to continue the upward momentum in the share price. This is where the fun and games start!