The 'Consolidation' Pattern And How It Led To Shopify's Huge Run

Blockhead
13 Feb

They say that beauty is in the eye of the beholder. This was certainly the case for investors who took the plunge on e-commerce platform stock Shopify (SHOP) when it formed an unsightly consolidation pattern. After breaking out in early 2019, it went on to rack up gains of more than 500%. The pattern was choppy and did not fit…

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