Going to the Dark Side...$SHAK to fill the GAP
Updated
SHAK has had a good run and is a solid performer. That said SHAK might have gotten ahead of itself a bit. Upside has be tested at 111 twice and rejected. Management has sold some shares for tax purposes but that's not too big a deal. I could wait for the 3rd rejection or start easing into a short position which is my preference at the moment. Will add to short as downside momentum picks up. Good luck all.
Trade active
Broke below support at 93. Downside moment takes this down to the low 80s level and it fills the gap.Trade active
Following the expected path unlike SG. Thought they would have traded in tandem...Trade active
Half way through the gap. Trend is still downward towards quarter end. Hold the line.Trade closed: target reached
Time to capture profits.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.