$SHOP TOP 20
Added 2025-05-04 19:04:55 +0000 UTC$SHOP reports on Thursday before the market opens too and it is at an important level now leading up to this ER.
Price tested the top of the rising wedge and held under this level at $100 to finish the week.
A good earnings with good guidance and the price can break higher and hopefully flip $100 to support.
A negative guide or even a wide range guide which is common in this season and it could have people concerned and there is a drop back down into the Buy Zone again.
For me, waiting for the ER is the right call now before making a decision, no changes to the chart however.
Comments
This is the one position in my portfolio I'm thinking of chopping. Great company and 40% up but the tariff reaction so far was unnerving.
Trevor Sweetnam
2025-05-04 19:42:41 +0000 UTC
