$Shopify(SHOP)$ Rookie investo-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Shopify(SHOP)$ Rookie investors are reacting instantly to some upgrade/downgrade reports from "certified" financial analysts without trying to understand a technical data reports. Here is example of how Zacks rated SHOP for the past three months: October (Strong Sell), November(Hold), December(Buy). So going by their guidance you would sell at $26-28, if you missed the sell in October then you would hold at $28-32 through November, and buy more more at $38-40 in December. Obviously it is misleading sell Low buy High advise of many financial analysts who are at last few weeks behind the market trend. Reading technical data few months back I bought SHOP at $29 because I knew this will double soon. Storeleads is reporting real time that in Q3/Q4, 2022 Shopify added 524,000 stores vs 190,000 added in Q3/Q4, 2021. Even recession slowdown and some of these stores closing are not able to dent significantly the revenue and earnings growth of SHOP in 2023 with such expansion.

Stay cool, stay long.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Bodoh
2022-12-16
Bodoh
Technical analysis hahaha depends on how you read tea leaves
Asphen
2022-12-18
Asphen
overall sentiments now
Jitindar
2022-12-17
Jitindar
love shopify
nightson
2022-12-19
nightson
[smile]
Waka Tiger
2022-12-19
Waka Tiger
☺️
ngmkc
2022-12-19
ngmkc
ok

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