In the daily bar chart of SHOP, below, we can see the dramatic gains in the shares since March. This month prices hit a fresh high and then we can see that prices have been consolidating/correcting those gains.
SHOP is above the rising 50-day moving average line and it looks like a dip toward the line in June was a buying opportunity. We can see that prices got closer to the average line last week but it is too soon to say with confidence that it was a buying opportunity. The slope of the 200-day line is positive.
The On-Balance-Volume (OBV) line is very bullish in that it has continued to rise during the recent consolidation/correction. The Moving Average Convergence Divergence (MACD) oscillator is narrowing toward a potential go long signal.