Yellow lines - weekly channel
Purple line - Current Downtrend
White line - 2022 target
Sitting right on Weekly supporting trend.
Closed beneath weekly 50sma (Purple line) for the first time in this stocks history.
I think next week we will lose this trendline support and kick off down spiral for Shopify.
Purple line - Current Downtrend
White line - 2022 target
Sitting right on Weekly supporting trend.
Closed beneath weekly 50sma (Purple line) for the first time in this stocks history.
I think next week we will lose this trendline support and kick off down spiral for Shopify.
