$SHOP Either March 21 or the Ides of March

SHOP is another pandemic darling that has fallen on rough times lately. However, even during the rise big swings in price are observed. In that sense SHOP longs better hope that this is March 21 again in which it fell from $1500 to $1000 then made a new high. The macro environment of perceived higher rates won't help. Neither does the fact that the March 21 drop was back into consolidation. The last stops before $1100s and $1000s should have decent amounts of support. Best case it's a chance to consolidate then reverse. Worst case these are the last stops before the March 20 highs.