$SHOP
Added 2024-04-19 15:03:37 +0000 UTC$SHOP has been moving like clock work for us and has found support on the 200 Day MA so far which is ideal for Wave A to complete here and get a relief bounce for Wave B next.
The market certainly felt a lot of pain this week so a short term rally will be needed shortly and as long as $SHOP holds the 200 Day MA, then it can benefit from this, I believe it has moved ahead of the Mega Caps and its move is in line with $AAPL rather than $AMZN or $GOOG right now.
In line with how $MELI is moving, although $MELI is still seeking its Wave A support level after losing its 200 Day MA.
