$SHOP
Added 2023-11-06 19:57:53 +0000 UTCI will be adding more $SHOP charts regularly and if I see the engagement growing then I will consider adding $SHOP to our Top 20 holding.
$SHOP jumped over 30% last week after a strong earnings report and it certainly needs to blow off some steam and pull back before it can go higher.
Regardless of what company you have, if it climbs that quickly, traders will take profit.
So I have also added in the 0.5 and 0.618 Fib levels here if Subwave 1 is complete, so we will be watching for a pull back in between $54 and $51.
A structured pull back to this level and holding and this should be a good buy to consider to hold until Wave 5 completes to $80.
Comments
Update on shop graph?
Jay
2024-02-10 04:45:24 +0000 UTCGood looking set up. Good company.
Lyndon Richards
2023-11-06 20:00:32 +0000 UTC
