SHOP drop at a serious support: eyeing 56-57 for possible bottom

SHOP had a big drop with last earnings.
It has fallen into a serious support zone.
This would be a good spot for bulls to hold.

$ 56.12 - 57.16 is the immediate support.
$ 49.20 - 50.88 is next support and stronger.
$ 63.44 - 63.84 is the first resistance above.

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Kommentera:

Bounce under way?

Zoom in (m5) with notes

That's our 3rd bounce from the Covid Stimulus fib.
Bulls better take the ball and run with it this time,
1st hurdle is a Genesis fib at $60.38 that bulls must flip.

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