Technical Summary: The character of the SHOP chart has changed since our last update. The stock had broken out of its base and worked its way to new highs. The company has since been subject of a scathing short selling report that has bought the stock back inline with its previous base with a thump. Ignoring the report and focusing on the technicals points to a breakout failure. If you bought on technicals on the last update then you would have been stopped out by now. For investors the stock is now trading back in its range. It would be bearish from here if the stock were to break through its base on the downside. From a technical perspective there is no reason to go long or short here.