This chart has been uploaded multiple times now and I am sure everyone is aware that the yellow trend line did not hold and the 0.618 Fib at $49 will be the next level to test support.
$SHOP is certainly a stock I will be adding and holding for Long Term and will start adding once support is found
I believe $49 is an undervalued price and anything below this level is a god sent.
Stock price adjusted, $SHOP was sitting at $176 in 2021, so buying below $50 and accumulating while fundamentals improve is a sensible decision, which I will be doing.
Kevin Aerts
2024-08-04 19:05:30 +0000 UTC