$SHOP TOP 20
Added 2024-06-11 12:21:38 +0000 UTC$SHOP has been a beacon lately and performing very well and looks set to continue today, with a positive start in the PM.
I do not expect any pull back until a test of the 50 or 200 Day MA, the 50 Day is at $66.60 and the 200 Day is at $68.50.
In November, there was enormous strength behind the bounce and the price did not pull back there but continued a very strong move all the way up to $92, when this happened, we said that when Wave C completes, we would buy and not chase that strong move....and that is what we have been doing.
I always expect pull backs in an impulse manner, so this is what we will expect this time too.
