Shopify Inc. (shop) Which Way Will It Turn?

Discussion in 'Investment Charts' started by longtermbull, Aug 1, 2017.

  1. gowiththeflow

    gowiththeflow Senior Investor

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    Looks to me like a crack at $150 is not too far away - Amazon might dominate the online retail market going forward but that does not mean there wont be space for other big players. Shopify may well have a big say in the future online shopping market - I think the shares are starting out on another run.
     
  2. longtermbull

    longtermbull Administrator Staff Member

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    Not sure if this is a coincidence or a sign that Shopify is growing but I have never seen as many Shopify ads since I started following the stock when it was mentioned here.
     
  3. Buyonthedips

    Buyonthedips Senior Investor

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    While I have to admit my use was limited; I have experienced Shopify over the last few weeks and did not find it very easy to use. I am sure there are more bells and whistles that I could have had access to but my first impression was not very good.
     
  4. JR Ewing

    JR Ewing Super Moderator Staff Member

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    This has been a very good investment overall for me. A little volatile, but I have done well buying it on dips and taking some profits on the big jumps up.
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    Are you looking to invest at this moment in time @JR Ewing or is it one to keep an eye of for the future?

    p.s. I can see all kinds of graph patterns emerging lol
     
  6. Chartman

    Chartman Senior Investor

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    Check out the lastest broker recommendations:-

    https://finviz.com/quote.ashx?t=shop

    If they are correct, looks like this could be a buying opportunity. However, I still think there might be a little more downside.
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    If this rebound holds then on the graph alone it looks like it might be worth a dabble?
     
  8. Buyonthedips

    Buyonthedips Senior Investor

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    Seems to be very volatile this one - a traders dream!

    Has anyone else used the software? Was my experience not the norm?
     
  9. longtermbull

    longtermbull Administrator Staff Member

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    This one is a gem to trade - if you get your timing right!
     
  10. gowiththeflow

    gowiththeflow Senior Investor

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