$Shopify(SHOP)$ $Amazon.com(AMZN)$ $Wix.com(WIX)$ ๐ฆ๐ง ๐ Shopifyโs E-commerce Flywheel Is Just Getting Started ๐๐๐ฆ
Iโm profoundly bullish on $SHOP as it clears the 0.786 monthly log fib level at $114.67 with Bollinger bands starting to expand; signaling the potential for a new impulsive leg higher. With price sitting near $124 and earnings due 06Aug25, momentum into the print could be explosive.
Whatโs driving it? Not just platform subs. Merchant solutions now make up 74% of revenue and are expanding fast. From Shopify Payments in 16 new markets to tools like TariffGuide.ai, this is no longer just a storefront provider: itโs becoming the OS for global commerce.
Fundamentally, this growth is showing up in the numbers: MRR has grown 219% since 2020. Gross margin remains strong, and operating margin is rebounding after a pandemic dip, now hovering near 15%. With a $161B market cap and only $350B in annual merchant GMV, the TAM runway is immense.
Technically, RSI is trending up, MACD is green on weekly, and the next resistance sits at $140.20 (0.886 fib). If that breaks, the 2021 high of $176 could be back in play.
Is $SHOP building the AWS of e-commerce?
๐ข Donโt miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets ๐๐ Iโm obsessed with hunting down the next big movers and sharing strategies that crush it. Letโs outsmart the market and stack those gains together! ๐
Trade like a boss! Happy trading ahead, Cheers, BC ๐๐๐๐๐
@Tiger_comments @TigerStars @TigerPicks @Daily_Discussion
Comments