$SHOP TOP 20
Added 2025-05-11 19:02:49 +0000 UTCI uploaded this chart post earnings, so this is just a recap.
Price has bounced in 3 waves since the buy zone back to the channel top line at $100, there has been a clear rejection now post earnings and with a 3 wave bounce, we know this to be corrective and would expect a lower low next and a move down in 5 waves.
ER missed on EPS and there was caution advised due to the ongoing tariffs.
I think waiting for the price action to fall again into the Buy Zone makes a lot of sense here below $79.
The set up is not there right now for me to add.
