$SHOP TOP 20
Added 2024-05-21 15:35:09 +0000 UTC$SHOP will likely have my attention for the next few weeks as I build on my position
We started our position yesterday with our First Buy from $HIMS profits, as we like the look of the price action holding support on this confluence level, on the yellow trend line and the 0.5 Fib at $57.61.
Price also pulled back to this level today for a test and held again, which is a good sign that the market is aware of this important level.
Losing the 0.5 Fib and I will be watching for a hold of support on the 0.618 Fib at $49.61
I suspect many bulls will add heavy here if this opportunity arises and we will likely do the same.
For now, we are watching for a bounce next on this confluence level this week.
We want to see signs of a reversal next, so a series of higher highs and higher lows.
Comments
One of my other fave follows David H / JIMRO Invest is adding again tomorrow too .. good signals all round
TommyJR
2024-05-21 22:47:58 +0000 UTC
