$SHOP went within $2 of testing its May low but managed to find support and managed to bounce back up to its trend line but did not convert this level back to support to finish the week.
We still have a death cross on the chart from the start of June so it is something we must acknowledge now as we are seeing weakness here.
I uploaded the corrective alternative during the week that Wave C in red is possible on the 0.618 Fib at $49 if there is a breakdown.....holding support at $49 and I would certainly be buying there, $SHOP is a long term stock I want to hold and I like the long term projection which is available in Collections.