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drewstocks_charting

$SHOP Bearish Short Term, Bull Long Term 2022 and beyond

Shopify Inc. (NYSE:SHOP)  
drewstocks_charting  
NYSE:SHOP   Shopify Inc.
Trend Analysis Chart Patterns Beyond Technical Analysis
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trendanalysis chartpattern beyondta
As you can see $SHOP is up to all time high it’s has done the accumulation, distribution, consolidation cycle twice, question is will there be a third cycle, I believe there will be some pullback around 800 - 900 last know support, then cycle may repeat, depending how the covid situation persists. The quicker the economy recovery the quicker FAANG stocks will drop including $SHOP.
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