Short
SHOP daytrade idea
SHOP has been a big trender all year. Today there was a hit piece out on it. If it can break lows here it will also take out the 50sma on the daily and could flush into the close down close to 100. It is a tad extended intraday ideally it holds here for an hour or so and lets the 9ema catch up and build up a bit more base then breaks down.
Note
starting to get towards the target that 100-101s
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
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📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
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.