$SHOP will push higher to end 2Q24

Updated
May 30, 2024 6:57AM

MONTHLY
- Currently on a downtrend (2D-2D-2D Continuation) #TheStrat
- Finishing off a Stage 3 #TheMoneyFlow
- MACD curling down, RSI curling down at 46

WEEKLY
- MACD beginning to curl up
- Price is b/t the 0.618 & 0.786 monthly fibs (Oct 2023 - Feb 2024)
- Price is slightly under last week's middle price of $58.51 at $58.18 (pre-market)

DAILY
- Price appears to moving upward after touching lower weekly broadening formation (BF) #thestrat
- Gap to be filled above ($64-75) and gap to be filled below ($55-$48)
- MACD and RSI curling up
- On May 28, GS maintained SHOP as a BUY

DECISION:
HOLDING 2 SHOP 65C 19 JUL 24 (AVG: $1.76) (DOWN 30% @ 1.25).
Trade closed: target reached
Had 2 contracts at $1.76 average.
Sold contract #1 @ 2.12 (LMT SELL) (1.76 -> 2.12 = +20%, +$36)
Sold contract #2 @2.60 (trailstop) (1.76 -> 2.60 = +48%, +$84)
Trade closed: target reached
Had 2 contracts at $1.76 average.
Sold contract #1 @ 2.12 (LMT SELL) (1.76 -> 2.12 = +20%, +$36) on June 10, 2024
Sold contract #2 @2.60 (trailstop) (1.76 -> 2.60 = +48%, +$84) on June 11, 2024
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