ABC BullishPossible stop under C, or under 1285.90 or last area of support that you see. Sometimes long entry level can serve as support as this has passed that. Earnings 10-28 BMO/before market open.
Long entry level can be important to hanging on so getting a good one can help in the long run. SHOP was below the bands set on 80 but quickly returned to the interior of the bands.
At this moment I see a green Doji as the daily candle which represents indecision.
No recommendation.
Price is still under the 50 SMA which is a bit droopy and crossed down through the 20. Price is over the 200 which is sloping up. ABC Bullish and target is D. Targets calculated using the length of the AB leg and fib levels. The CD leg can sometimes equal the AB leg, or it can be a portion of it, or an extension of the AB leg. In this pattern C needs to be above A. B is the peak or the high of the pattern.
