Shake Shack, Inc.Short
Head and Shoulders on $SHAK
We can see a head and shoulders forming on SHAK on the 1D, but it is much clearer on the 4H. Volume has been at a relative low since the first shoulder, and significantly lower at the head than the first shoulder. There is an explosion of volume on the recent red candle, and a bear flag forming on the 1H.
Target: $32.22
Entry: $46.65
Stop Loss: $50.94
SHAK on the 1D, but it is much clearer on the 4H. Volume has been at a relative low since the first shoulder, and significantly lower at the head than the first shoulder. There is an explosion of volume on the recent red candle, and a bear flag forming on the 1H. Target: $32.22
Entry: $46.65
Stop Loss: $50.94
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