ETSY holding multiple supportThe are multiple technicals showing support at the current level.
1. 50sma hasn't been broken since early april. (orange trend-line)
2. has seen reversals at the lower end of the trend (blue line)
3. we are above, and holding the previous resistance from early July (red-dotted-horizontal-line)
4. Drawing a Fibonacci retracement from: All-time-high to 100sma, we are about to touch the 38.2% fibonacci retracement level.
SHOP
SHOP - 24.86% Potential Profit - Uptrend Corridor BounceUptrend Corridor bounce with target price set at resistance.
A very speculative trade with a great risk/reward ratio. However, a trade to approach carefully, despite the attractive potential rewards.
- Strong Uptrend
- RSI above / STOCH below 50
- MACD below Signal
Suggested Entry $1031.17
Suggested Stop Loss $989.53
Target price $1293.48
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Long $GDDY ($SHOP, $SPY) #small businessessee charts at www.tradingview.com
Entry $68.15
1st Target $70.15
2nd target 72.15
Buy to cover Stoploss $67.15
Why this play?
Popular cloud and website company. Been seeing a lot of marketing for them and I am betting with corona and a lot of people staying home, they may start looking to run websites and small businesses.
What is Gddy?
GoDaddy Inc. designs and develops cloud-based technology products in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity. It also offers shared Website hosting products that provide various applications and products such as web analytics, SSL certificates, and WordPress; Website hosting on virtual private servers and virtual dedicated servers products, which allows customers to select the server configuration suited for their applications, requirements, and growth; managed hosting products to set up, monitor, maintain, secure, and patch software and servers for customers; and security products, a suite of tools designed to help secure customers' online presence. In addition, the company provides presence products, such as Websites + Marketing, a mobile-optimized online tool that enables customers to build Websites and online stores; a range of marketing tools and services designed to help businesses acquire and engage customers, as well as search engine optimization that helps customers get their Websites found on search sites; and social media management services. Further, it offers business application products, such as Microsoft Office 365, email accounts, email marketing, and telephony services. The company serves small businesses, individuals, organizations, developers, designers, and domain investors. GoDaddy Inc. was incorporated in 2014 and is headquartered in Scottsdale, Arizona.
$SHOP is Set for Little Horrors on the 700 ClubSHOP is one we called out as a top earlier this month after a major midday reversal that came with no news and in concert with similar reversals in other extremely overvalued new-industry tech names. The trendline is now under pressure.
Expect this to fail and hit that rising wiggly blue line (the 50-day MA) Next. Ultimately, the $700 club is coming here.
Bullish CHarts - Undervalued, $1.1 B in Sales, 97.3K New UsersEndurance International Group Holdings, Inc., together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses in the United States and internationally. The company operates in three segments: Web Presence, Domain, and Email Marketing. It offers Web hosting services, including entry-level shared hosting, and virtual private server and dedicated hosting solutions; Website building tools; domain registration, management, and resale services; malware protection solutions to protect subscribers' Websites from viruses, malicious code, and other threats; and backup control solutions that enable subscribers to schedule, maintain, manage, and restore backups of their online data and Websites. The company also provides email marketing solutions that enable subscribers to communicate with their customers and potential customers through email; products that enables subscribers to sell their products and services online, including secure and encrypted payments, shopping carts, inventory management, online marketplace listing solutions, payment processing and related services, and mobile payments; and search engine optimization and marketing solutions. In addition, it offers solutions that allow subscribers to have their Websites and email marketing campaigns rendered on mobile devices; tools and services that enable subscribers to communicate with their customers and potential customers through social networks; business productivity tools that include professional email, word processing and presentation software, online storage, shared calendars, and video meetings; control panels and dashboards that offer subscribers with tools to analyze activity on their Websites; and professional services, including Website design, marketing, social media management, and Website migration services. The company was founded in 1997 and is headquartered in Burlington, Massachusetts.
Many traders may not realize, this company owns some prominent & well known assets including CONSTANT CONTACT, BLUEHOST, HOSTGATOR & DOMAIN.COM among others.
Many of these services we all use on a daily basis.
On 07/14/20, Endurance announced Prelim. Q2 Sales of $274 Million, Net Subscriber Additions of 97,3K, and FY20 Sales of $1.1 BILLION
On 07/15/20, Credit Suisse Lifted the price target on Endurance to $9.00 - (I think this is very conservative especially after seeing the assets the company owns)
The Daily Chart looks BULLISH
50-Day MA is about to cross up and over the 200-Day MA, BULLSIH
Volume is Green, Bullish
PMO is Bullish
MACD is Bullish
RSI is Bullish
Stochastic is Bullish
OBV is Bullish
Accumulation is Bullish
Folks, if you look back at our previous research picks, we've made a lot of great calls. Look at APT, WRTC & SPCE today, to name a few. We think this stock is worth at minimum, $15 to $20 a share after looking at the assets they own.
We think the assets are worth more than the stock price right now. CONSTANT CONTACT, BLUEHOST & HOSTGATOR are very well known in the technology industry.
Long!
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Short SHOPAdding to the maximum stupid series is Shopify. Look at that bullshit. If nothing else people are going to start taking profit after such a massive run up.
There is a reason I am buying puts, I can fix my lose in case things keep getting stupider and I end up being the stupid one for trading against the stupid.
Oct 2020 800 puts.
Cheers,
-Sherem
$SPY $SHOP $BA $DGLY $MRNA $GILD $INOsee charts at www.tradingview.com
Today is going to be make or break for spy,
if it can't hold this $300 level, then we are going down.
I am trying to stay mostly cash until we get a confirmed direction.
However, Vaccine companies like Gild, MRNA, AZN, INO might be interesting to watch, Same with $DGLY for body cam and $DD for tear gas since we have fresh protest again.
BA and Shop can be a nice play either for shorting or for long once we confirm market direction.
WHAT IS SPY?
The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the âPortfolioâ), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
$SHOP Suffers Possible "Key Reversal" Day After Bubbly RunSHOP went from up big to down big on Monday after a historic run. This is dead center in the heart of what has been "bubbly" in this market.
If long SHOP (at 50x forward sales), run for the hills. The question remains as to whether or not this is also a warning signal for the larger tech bull trend.
Shopify's price-to-sales ratio is... nearing 70!Just a quick chart showing Shopify's price-to-sales ratio, which is nearing 70. That means investors are paying $70 to get $1 in revenue from Shopify. I have yet to see a large cap stock of this size trade at a multiple like it. Truly amazing to see.
No comment if it is overvalued or undervalued. But, it is high up on my watchlist for future volatility and I thought some of you would find it interesting.
They could grow 200%+ and I guess at that point it makes sense. But the expectations are high for them and need to hit on all cylinders.
Stocks Better then AMZN: PDD, HFG, ADYEN, SHOP, 3690My list of stocks wich i hold in may-june and enjoyed their perfomance:
On-line retail platforms and covid gainers
PDD (Pinduoduo)
HFG (Hello Fresh)
ADYEN (Adyen)
SHOP (Shopify)
3690 (Meituan Dianping)
Adyen have a great potencial to go up, and all of this companies have a great potencial next 3 years.
I reccomend to buy warrants for 2022-2023 year.