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Shopify

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.
NYSE:SHOP
by scheplick
1
PIGSKIN AUDIBLE - .007 Piggish Play - Long Shopify to 1150+The market is going up. Thus, the prior .007 Piggish Play to short what's its name, is not an idea that I would champion with certainty. Given that the market will likely "pull back" on the open, it will only do so for the purposes of offering an absolute gift of a buying opportunity. Further, the S&P needs to "technically" reach a new low on this last swing down, which will likely look like a long wick on the hourly chart by the end of today. Take advantage and buy discounted 1030 strikes for July 10th expiration. This will melt-up, rest assured. -Replacement Pig
NYSE:SHOPLong
by UnknownUnicorn5511258
5
SHOP - Shopify Sell BubbleHello traders, Description of the analysis: Shopify selling bubble speculation. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
NYSE:SHOPShort
by Jacob_Kovarik
Shopify: Unusustainable Parabolic Move Analysis 1D, 1W (May 25)X Force Global Analysis: Shopify, a multinational e-commerce platform located in Canada, has shown extremely strong bullish momentum for the past few weeks. In this analysis, we take a purely technical approach, and explore the bearish signs emerging from Shopify's intense bull run. Analysis - On the left hand side, we have the daily chart for Shopify (SHOP) - The first thing we notice is the number of gaps that have been formed on the daily chart - While Shopify has been on a bull run, it has been trading in an extremely choppy trend, forming gaps from $772 down to $367 - This excludes the gaps that have been filled by the candle's wick - Counting Elliott Waves, we see a textbook impulse wave count (12345) - While we are currently completing wave 5, it is hard to confirm whether there is more upside, or whether we have topped out, as this is a record high - The Relative Strength Index (RSI) is extremely overbought on the daily - While the Moving Average Convergence Divergence (MACD) has negated its death cross, the bullish histograms do not demonstrate much momentum either - The envelope indicator demonstrates that we are overextended on the daily, potentially looking for at least a pullback - On the right hand side, we have Shopify's weekly chart - The weekly chart demonstrates a clear parabolic trend - We can spot an extended bearish divergence, in which we see higher highs on the price, and lower highs on the RSI - It's also important to note that the RSI is at overbought regions on the weekly too - Parabolic trends are unsustainable, and even if we were to see a correction down to test the parabolic trend, that would be a 50% move down from current price levels What We Believe While Shopify is a stock that is sound fundamentally, technicals demonstrate clear signs of prices having been overextended and the stock being overbought. Trade Safe.
NYSE:SHOPShort
by XForceGlobal
Shopify Hitting New Highs - Strong Growth Stock- NYSE: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.
NYSE:SHOPLong
by Tuhi_Capital