$SHOP TOP 20
Added 2025-04-20 19:35:33 +0000 UTC$SHOP is still above the 200 WMA but below the 50 WMA, the price action has bounced out of the Buy Zone but there is still a large black cloud over $SHOP right now and there may be concerns during their earnings report.
A lot of small businesses use $SHOP to help sell their products and if we look at the $IWM chart, we know how much small caps have taken a hit and this will likely trickle down into small business owners too.
I like $SHOP and its future, but I do suggest you look for firm support confirmation before considering accumulating heavy.
If both $AMZN and $SHOP decline to their respective ABC corrective levels, then $AMZN is a better buy.
