SHOP- Drop and pop?
This thing is ridiculous.
"Shopify has a trailing-twelve-months P/E of 800.37X compared to the Internet - Services industry's P/E of 28.45X."
zacks.com/stock/chart/SHOP/fundamental/pe-ratio-ttm
When things get back to normal this will tank. 500's again easy. This bloated quickly and will drop like an elevator that no longer has cables.
No Idea if this is the start of the drop yet. Just watching this for now. Could see support around $640, $604 and either/or $592/$567 before it goes further. Everything else will be a roller coaster of doom. RN not a lot in between being at ATH and no real sideways movement.
"Shopify has a trailing-twelve-months P/E of 800.37X compared to the Internet - Services industry's P/E of 28.45X."
zacks.com/stock/chart/SHOP/fundamental/pe-ratio-ttm
When things get back to normal this will tank. 500's again easy. This bloated quickly and will drop like an elevator that no longer has cables.
No Idea if this is the start of the drop yet. Just watching this for now. Could see support around $640, $604 and either/or $592/$567 before it goes further. Everything else will be a roller coaster of doom. RN not a lot in between being at ATH and no real sideways movement.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.