I'm Not A Fan Of Technical Analysis But.........I think when a stock which I like is in freefall (not necessarily SHOP which I don't own), it may be best to wait until it bottoms out and shows it can hold a rebound before one steps in a buys (or increases their holdings)....?
Many tech stocks are getting cruxified right now (even though SHOP has taken one of the more severe beatings), so it's hard to tell how much of the drop in share price is company-related and how much is sector-related, but perhaps instead of trying to time the bottom, you just wait for the bottom to hit and the start of a recovery in the share price that holds before stepping in.....?.....Better than trying to catch it on the way down only to see that knife falling towards your hands.......?