SHOP uptrend line holds, retests 87.4 - will it close above?

30 juin 2017

Ok looking good. Bounced off the 84.5 trend line, tested/rejected the 87.4 new support but holding > 86 well. Uptrend intact:) Is it fake? We'll know if it closes above or below the uptrend line intersection at ~85. If above, uptrend still intact. If below, could still head lower to complete the head and shoulders. Personally, I think it will hold & either retest and/or break through the 87 level Monday. Though Monday will still be a holiday weekend so i expect volatility due to low volume and likely bear attack before Wednesday - ideal breakout setup would be a doji at the trendline at Monday's close:) Beginner charting - take my expectations with a grain of salt!