$SHOP TOP 20
Added 2024-08-01 19:39:17 +0000 UTCGetting dragged down with the Tech sector and has rejected below its 50 Day MA too and getting back into the yellow ascending wedge.
There is no changes since the last chart we uploaded but it is worth highlighting that the red invalidation line is at $56.30, losing this level and the 0.618 Fib target remains at $49, where I will likely add.
I will also have no issue using my Cash reserve to buy $SHOP
My Cash will only be used to buy positions that have completed their ABC correction and to buy stocks I intend to hold long term and $SHOP will then qualify for this.
Comments
If it invalidates. That means circled 2 never completed and the sub wave 1 and 2 Havnt actually started yet?
Brian
2024-08-02 02:46:33 +0000 UTC
