Few of the eCommerce stocks lead the market… bottom in mid Jun… MELI SHOP TOST… while laggard e-commerce stocks like AMZN and SE are trying to bottom…
BTFD using TA? Neckline $45 is a strong support. Then 50-day SMA and 200-day SMA.
Target of inverse H&S is $78.
For those who’ve invested in SHOP… SHOP is my 2nd biggest investment in the growth stock portfolio… thought I am playing safe and smart to start purchasing the stock after it declined 50% from ATH, sadly it continues to decline more than 70%… avg purchase price ~$68, still red.