Shopify Inc (SHOP.NYSE) | 13/08/2018 | 1 Year, Daily Chart
$180.00
$170.00
Despite the sell offs the trend for SHOP is
up. Traders need to decide whether the
sell offs are buiying opportunities.
$160.00
$150.00
Significant price volatility where the stock
$140.00
loses mnore than 10% in a short period of time
$130.00
$120.00
$110.00
$100.00
More price volatility with
sharp and deep sell offs
$90.00
$80.00
14/08/2017
12/09/2017
10/10/2017
7/11/2017
6/12/2017
5/01/2018
5/02/2018
6/03/2018
4/04/2018
2/05/2018
31/05/2018
28/06/2018
27/07/2018
Technical Summary: It cannot be disputed that the long term trend for the SHOP stock is up. The stock over the last couple of years has
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been a 10 bagger as it moved from lows of around $15 per share to highs of nearly $180. While the trend has remained up on the 1 year chart the
5 Year Chart
price has been punctuated by some heart attack type volatility. You can count 5 times on the chart above where the stock has dropped over 10%
in a week. The most recent of these was last only a few trading sessions ago. Each of the occasions has proven to be a buying opportunity to date.
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The real question is whether the most recent sell off is a buying opportunity. The answer to this question will depend on your trading plan and
whether or not this is a situation that you like to buy in. If you were a holder since $15 it is probable that these short term fluctuations are of little
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bother to you.
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