SHOP: Short Term Correction Before We Hit $205 Target
Observations
For informational purposes only and not deemed as financial advice
- We are currently in the intermediate 3rd wave of the major 5th wave.
- Based on Elliott wave count, it appears that intermediate 3rd wave is complete which means we are due for a correction.
- Expecting wave 4 to be a small correction within 0.236 - 0.382 fib zone as wave 2 was a very significant correction to 0.786 fib.
- Target price for the intermediate 5th wave appears to be around $205.00 based on 1:1 ratio of the 1st wave.
- Side Note: I absolutely love SHOP. It is definitely a great company to be holding long term. I have been in since $32.00 but have sold late October year for about $147.00 to reinvested those gains into my MJ stocks :)
For informational purposes only and not deemed as financial advice