Shopify Looks Toppish (Example of Counter Market Stock)
While people are fearing about a potential recession and trade war bla bla bla, Shopify just don't care and actually doubled in just few months.
Shopify is an example of stock that doesn't care about the overall general market, because its growth story is much more important, and its own Fundamental have much bigger influence towards its stock price.
We have seen this kind of stock over and over again, while majority of people are obsessed with other stuffs that sometimes may not directly impact the fundamentals of a company.
The best time to buy is after a breakout and confirmation of breakout, for Shopify, that is around the 175 USD mark.
At this point, Shopify looks like it is almost reach a potential top before consolidating or a major correction.
How to play the game of the big money? Think like them, act like them.
As long as you behaves and thinks like 95% of the retails out there, you are going nowhere.
Note here, the theme, the industry, the kind of stocks that are doing this kind of crazy move. Look at the market leader, i.e, Microsoft and Salesforce, how are they doing?
Software is and one of the best performing industry for the past few months.
Take note of that, your next Shopify will suddenly come out of the wood and do the exact same thing.
And if you don't have the tools for that, you will never get that opportunity.
I am bullish on innovation and on growth, that's how I have been consistently making money in the market.
What tools and screener that's I am using? That is beyond trading view and I kept only within myself.
Shopify is an example of stock that doesn't care about the overall general market, because its growth story is much more important, and its own Fundamental have much bigger influence towards its stock price.
We have seen this kind of stock over and over again, while majority of people are obsessed with other stuffs that sometimes may not directly impact the fundamentals of a company.
The best time to buy is after a breakout and confirmation of breakout, for Shopify, that is around the 175 USD mark.
At this point, Shopify looks like it is almost reach a potential top before consolidating or a major correction.
How to play the game of the big money? Think like them, act like them.
As long as you behaves and thinks like 95% of the retails out there, you are going nowhere.
Note here, the theme, the industry, the kind of stocks that are doing this kind of crazy move. Look at the market leader, i.e, Microsoft and Salesforce, how are they doing?
Software is and one of the best performing industry for the past few months.
Take note of that, your next Shopify will suddenly come out of the wood and do the exact same thing.
And if you don't have the tools for that, you will never get that opportunity.
I am bullish on innovation and on growth, that's how I have been consistently making money in the market.
What tools and screener that's I am using? That is beyond trading view and I kept only within myself.