The Long Investor
patreon
$SHOP TOP 20
🕑 Added 2025-05-08 13:18:00 +0000 UTCDifficult reaction to a flat earnings but their Q2 guide has been lowered and that is likely the cause of the -5% PM action
I don't know why the market would expect anything different, Small Caps will be affected by the Tariff War and $SHOP is heavily linked to the movement of Small Caps.
We discussed over the weekend that the price action had tested the channel top line again and it was met with resistance, now the rejection is confirmed and the price is below the 50 and 200 Day AM and at the 0.5 Fib now at $89.
Buy Zone and chart remains unchanged and Buy Zone starts under $79.
No rush here to add while the tariff black cloud is over us, wait for support before adding.
