$SHOP
Added 2023-08-30 14:37:41 +0000 UTCHeld the 0.38 Fib at $53 and has bounced since, it is now testing the yellow trend line from below and we can see that the 50 Day MA is just above too, getting back into the channel will be its first strong move, holding in it next and then getting above the 50 Day MA to confirm that this move is in Wave 5.
I suspect $SHOP will move with the market, if the market confirms Wave 5, this should have no issues following it.
Comments
Thank you! π Good to know!
Trader_MattPro
2023-08-31 13:12:21 +0000 UTCGreat to hear, I normally do not set stop losses but with what happened with $SE, before earnings, it may be wise to set one if you are not confident about holding long term.....for me, I like adding to my winners and any pull backs from here should be added too.
Gareth Neary
2023-08-31 11:55:52 +0000 UTCMan, Iβm doing great in this one! I normally wouldnβt look at a stock like this, but you brought it to my attention and Iβm up 7.5% now on $5k (Wish I went in more). Thanks a lot for mentioning, posting this chart! π Question: How do you normally play these. Do you set a Stoploss, or none because itβs in its channel now? Thank you!
Trader_MattPro
2023-08-31 11:52:24 +0000 UTC
