Shopify Subordinate Voting Ord Shs Class A T.SHOP

Alternate Symbol(s): SHOP

Technology Information Technology Services

Shopify Inc. (Shopify) is a Canada-based global commerce company. The Company provides essential Internet infrastructure for commerce, offering tools to start, grow, market and manage a retail business of any size. It provides platforms and services that are engineered and delivers a shopping experience for consumers online, in store and everywhere in between. Its software enables merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. The Company's Shopify platform provides merchants with a single view of their business across all of their sales channels and enables them to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing, all from one integrated back office. The Shopify's platform operates across 175 countries.

TSX:SHOP - Post by User

Shopify Subordinate Voting Ord Shs Class A

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Post by soupa1168on May 02, 2017 5:43pm

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Post# 26194987

Although the chart shows overbought (RSI) and over-extended

I believe it has some room to run because the OBV is at a historical high. OBV is the net of buyers and sellers and in this case, buyers volume outnumbers sellers volume by a wide margin. Certain T/A guru once said, "When volume moves, the pps will follow." When the OBV is at a historical high, where could the pps go?

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