SHOP: Time to scale out
I posted about the bullish thesis in SHOP earlier (tradingview.com/chart/SHOP/WAWUktl2-SHOP-a-potential-bullish-thesis/), and we had an excellent entry near 310 levels where the Fib 61.8 retracement held. We are now approaching near term upper resistance and it might be time to scale out if you have options positions on. 340-346 would be the profit taking range IMO unless you decide to roll out or convert your positions into spreads.
Related publications
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.