SHOP
broke out of a 8.5 month inverse head and shoulders pattern back in January, then went back to test the breakout level as support and has now turned higher again. The first target for the breakout of this pattern would be $63.89, however, after we hit that target, I think we'll see a continuation of the trend higher and get to
75
level. And if it can flip the
75
level as resistance, I think it can get all the way back to $100. I do think $100 would be the top though as it would confirm resistance from the area it broke down from. Let's see what happens over the next 2 months.
Comment:
Note: There is a chance that price could retest support at
41
before the real move higher begins.
41
before the real move higher begins.
Comment:
So far so good.
Comment:
On it's way...