The Long Investor
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$SHOP TOP 20
🕑 Added 2025-04-27 19:28:06 +0000 UTC$SHOP has been performing well relative to the market but we must remind ourselves that $SHOP is not in the same cycle as the market and has not made an ATH since 2021 at $176.
Price finished the week above the 50 and 200 WMA and looked set to test the top of the rising wedge again at $100.
We are watching for a flip of this level to support, holding above $100 and the risk is lowered and the price can move higher.
Rejecting at $100 and it is likely back down again to the Buy Zone.
Remember, $SHOP does have high risk exposure to a long tariff war, they specialise in logistics for small business owners.
