Last entry point was very good. After FOMC decision we can do further buys especially in stocks with good growth dynamics. New entry point or add on after reaching new historical high on good volume
The relatively recent IPO (Initial Public Offering). My experience shows that the technology sector stocks with growing financial indicators have great potential. Many examples of this. In a very strong report the stock responded with a good growth . At the moment the correction has passed, and you can try to open a position above $ 60, if the volume is good
My count sees upside for this US stock. I have been conservative on my 5th wave targets but the 3rd wave only extended to the 1.41 Fib so there is a chance of a 5th wave extension. Somewhere above 50 is possible here in my opinion.
I'm long the 20jan 45 calls of shopify, and already in profit.
this stock seems to be a clean and clear breakout and possible profit target is 57 area.
if you'd be long on the 01.06.17 (m/d/y) you should have put your stop loss around 44 area, and if you 'd still be holding your position it would be ok to move your stop to 45-46 area now.
SHOP is a relatively new public company, but it has traded in a rather wide
range since its IPO last year. Like a lot of the market, it may be a little extended in the near term after rallying almost 70% from its February low, but near $70 looks like a good place.
