SamSuka
The Long Investor
The Long Investor

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$SHOP - WATCHLIST -

$SHOP I believe is the next company to bounce for Wave A after convincingly holding on the 200 Day MA now 3 times, so support is confirmed here for me

We can also see that the 50 and 200 Day MA are closing in on each other too, usually this means a strong move will be next....and of course they have their earnings next Weds too before the market opens.

So I expect a bounce for Wave B next, like $AAPL and $MELI.

$SHOP - WATCHLIST -

Comments

Are you adding this to top 20?

Nick

Thank you

Gareth Neary

I stand corrected! I did not notice the move it had made since this chart almost to $80. My apologies

Nick

It has pulled back for Wave C. This could not have been more perfect if we tried.

Gareth Neary

Yeah this didn’t age well! I am noticing many charts not going according to plan. 🙃

Nick

Down 19% at 63 PM.

Derek Bealby


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