SHOP eyes on $78.47 below, 90 above: key range to form next move

Oct 4, 2024

Follow up to previous Swing Trades idea (click)

SHOP continues its recovery from bottom.
It has just retested a Golden Genesis fib.
Critical support to break next resistance.

$ 89.65 - 90.04 is the major target.
$ 83.76 should bring some violence.
$ 73.60 will be critical trend support.

Previous Chart:

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Nov 10, 2024

Trade active

BOOM (yellow part is after posting time)

Nice bounce off our Golden Genesis support.

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Zoom in a bit and some notes:

Decent reaction at the Covid fib ($83.76)
Then a dip to our Golden Genesis ($78.47)
Looks likely to hit our hard target ($89-90)

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Let's see what the new week brings.

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Nov 13, 2024

Trade closed: target reached

BOOM! 46% gains booked

Took off from out Golden fib, popped to a sister fib.
Got lucky with earnings, but being PREPARED was key.
Scalpers closed the longs, holders sold some shares.

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Zoom In (m1)

Got a PING (exact hit) on a Genesis fib at $114.62.
"Ping" from "Give me a ping Vasilly, One Ping Only".

And my rule about Pings:
"Not every Ping starts a Reversal,
but Most reversals Start with a Ping".

And such a LOUD ping says "take action".

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Looking for supports:

$107.73 was first possible support but failed.
$102.14 Genesis fib would be ideal bounce.
$100.20 golden Covid fib reinforcing support.

Let's see if our next support holds, but I am OUT.

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