noted

SHOP has become interesting after earnings; Consumer Sentiments however is worrying.

@Asphen
Price Action Update (11 May 2024) - Post earnings reaction high was 79 and low was 62 - Coincidentally, 62 was also near the Fib 61.8 level of 63 in pullback - It has since broken down below the earnings low and also into the golden pocket (between 61.8 and 78.6) - Good time to look for reversals Support Levels - 55 (Fib 78.6) - 46 (Full retrace) IV Crush - Means selling puts will not yield good premium due to post earnings IV crush Will be patient and nibble from 55 down to 46. Good luck, all! SHOP Daily - 11 May 2024 @melson @TigerStars @macroB @CaptainTiger @Deposit $Shopify(SHOP)$
SHOP has become interesting after earnings; Consumer Sentiments however is worrying.

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