One of the big issues for $SHOP right now is the very large gap it left behind post earnings, which would close at $54.88....which is also very close to the 0.78 Fib.
This is the daily chart and we have been using the weekly chart lately to show where the 200 WMA is at, right now at $79.69, which is where we have the Fib supports set from.
So no action now from me until there is a pull back and then we'll take advantage.
WiktorW
2024-08-23 16:17:11 +0000 UTC