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

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.
Beyond Technical AnalysisChart PatternsTrend Analysis

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