SHOP Snapback
Shop is extremely overextended and has begun its round down pattern on the 4hr chart and daily chart. On the weekly chart there has been a bearish harmani established. All signs point to pullback, looking for $244 as first target and $230 as second target. Initial target is 6% profit. Will sell if it continues above $267
Trade closed: target reached
Target 1 reached. Sold half of position at $242
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.