The Long Investor

$SHOP TOP 20

Added 2024-06-16 17:46:30 +0000 UTC

$SHOP along with $HIMS have been the $AAPL in our eye lately and entering our Top 20 list at the exact right time and our buys have been great here.

I intend to continue adding to $SHOP but only when the Subwave 2 pull back comes in as expected now.

So I suspect that the 200 Day MA here at $68.75 will offer some resistance and rejecting here and pulling back to the white fib levels as shown here would be the perfect set up for us to add again, so I will be watching for a hold between $62.55 and $61.

Remember Wave 2 pull backs are steeper than Wave 4 pull backs

I don't play subwave movements, so I will not be selling at the 200 Day MA to buy back in lower, it is not my style and there is nothing stopping the price action bursting straight through its 200 Day MA and going a lot higher, this is exactly what happened in Nov '23.

I had sent out 3 of my buy alerts now so there should no excuse for anyone feeling like they have missed out there

Right now, I am holding and will add when we get a pull back as described.