Caution! $SHOP trading 147.22 has done well but, see chart notes

SHOP trading 147.22 has done well since we signaled long 106s wash-out in Oct. MACD high - caution longs.

What a great trade signal long for our swing trading platform back in October when everyone panicked on the wash-out.

The problem is now that price on the daily chart is significantly higher than moving averages and the MACD is extended to be sure.

When the Stochastic RSI, MACD and Squeeze Momentum start to trend down this will likely be a decent short to at least the 50 MA.

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