We are seeing most of the big names of 2020 head back to their pre-pandemic prices. $SHOP has triggered a 22 reversal on the yearly chart. My final pt is 305.30
Until then I'd hold off on dip buying. As you can see it's already down by $1000 from ATH and -53% on the year.
Refer to the strat combo sheet to see which set up I am referencing.
I'll forewarn that...
Dkng - The Strat
Dkng has a 22 bearish reversal on the yearly chart.
Head and shoulders on the monthly
We have Full time frame continuity to the downside.
If you're in options contracts I think you could get a 10p 3-6 months out and hit this PT.
If you're looking to buy the dip. I'd wait to see if it falls below that 10.60 level. Set an alert and wait for...