Shopify Inc (SHOP.NYSE) | 13/08/2018 | 1 Year, Daily Chart
Despite the sell offs the trend for SHOP is
up. Traders need to decide whether the
sell offs are buiying opportunities.
Significant price volatility where the stock
loses mnore than 10% in a short period of time
More price volatility with
sharp and deep sell offs
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
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.
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
bother to you.
Unlimited access to all the market research we offer.
$45 per month (Cancel anytime)
or $450 per annum
No commitment required. Cancel anytime.