SHOP: Short Term Correction Before We Hit $205 TargetObservations
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 :)
Disclaimer
For informational purposes only and not deemed as financial advice
