SHOPIFY: Should Hit $650 (CAD) this Year
Updated
Despite some headwinds that we are facing with the US and Iran, this will be short-term noise for a healthy 5% or so pullback (not necessarily all in consecutive days), but mostly in January before we turn the tide.
In the longer-term this will have little impact to the sentiment of the market, but instead, will allow defense stocks, energy stocks (including oil) and precious metals to surge strong this year. As I have been saying for the past 6 months, look for big moves in oil/energy and precious metal stocks. It will take 1 or 2 months of elevated oil prices to see significant moves in the energy sector, but its coming. Be patient!
Despite so much cheap money in the market - I don't want to be - but I am very bullish on certain tech stocks this year. I am expecting the following for some big names such as Facebook, Google, Apple, Microsoft, AMD, Netflix, Tesla, Baba, Bidu and Amazon.
Facebook could be one of the dark-horses this year, and a 40-50% gain is not out-of-the-question.
Shopify will continue to break-out after its fallen descending triangle and eventually break-out to run to 650 or more by year-end.
Remember: don't invest based on what you want to happen; invest on what you believe will happen.
- zSplit
In the longer-term this will have little impact to the sentiment of the market, but instead, will allow defense stocks, energy stocks (including oil) and precious metals to surge strong this year. As I have been saying for the past 6 months, look for big moves in oil/energy and precious metal stocks. It will take 1 or 2 months of elevated oil prices to see significant moves in the energy sector, but its coming. Be patient!
Despite so much cheap money in the market - I don't want to be - but I am very bullish on certain tech stocks this year. I am expecting the following for some big names such as Facebook, Google, Apple, Microsoft, AMD, Netflix, Tesla, Baba, Bidu and Amazon.
Facebook could be one of the dark-horses this year, and a 40-50% gain is not out-of-the-question.
Shopify will continue to break-out after its fallen descending triangle and eventually break-out to run to 650 or more by year-end.
Remember: don't invest based on what you want to happen; invest on what you believe will happen.
- zSplit
Note
Shoptify continues to surge alongside other Canadian tech companies like Contellation Software and a slightly different form of tech (IT) but CGI Inc.New target for Shopify by year-end: $700 +/- $25.
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