BUY - Major Announcement Coming Major Announcement Coming with the roll-out of breakfast.
Charts and Indicators look great.
LONG
SHAK
SHAK - Just a little overdoneStock sold off due to their earnings report. Honestly, I don't think the report was so bad to deserve a +20% selloff. If you look at the other burger stocks, all dealing with the same issues, most of those stocks held up today, even being green. The selloff today held around the 61.8% Fibonacci Retracement level from the December low to the recent September highs.
I am keeping an eye on this stock to see how these levels hold. I think this should start bouncing back as the weak hands & profit-takers close their positions.
SHAK - DAILY CHARTHi, today we are going to talk about SHAK
We observe a D1, some important points. The details are highlighted above.
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SHAK at strong resistance getting ready to breakout?!SHAK One of my favorite setups is to take a stock long at the break of a resistance or break of support to catch the momentum of the move. Earnings are about 2 weeks out too so SHAK may rise into the ER like most stocks do.
MY setup is taking the break of Thursday's candle with March $50 calls. Keeping a tight stop in case it's a failure on the break up.
Target 1 is the 200 day sma and target 2 will be around the $60. Let's see what she does this week!
Once filled will give the trade 3-5 days to see how the momentum is.
As always let price discovery be your guide :-).
Small stake in $SHAK. I think it chops for a while.Sold weekly calls. Catalyst to me is McDonald's buyout/stake. Brand is power.
Shakeshack: SHAK Clearly Basing out in a range SHAKESHACK:SHAK
Nice range trading, suitable for trend followers, evidently.
Still looks OK to buy, using the lower parallel as a dynamic
exit point if broken at any point before it reaches a very
obvious upside target at 39.30 -39.62 range - at which point
positions can be reversed with stops above 40.
And then if that short is taken out it will show that it's long
basing activity since IPO is at coming to an end...it should
start a staggered ascent back towards the highs, the next
near term trade being from 40.04 to 41.87.
More as move develops...
SHAK - Upward channel breakdown short from $36.71 to $34 or loweSHAK seems breaking down from an upward channel. It also look look like a rising wedge breakdown. We think it has good downside potential from here.
* Trade Criteria *
Date First Found- June 21, 2017
Pattern/Why-Upward channel breakdown; Rising wedge Break
Entry Target Criteria- Break of $36.71
Exit Target Criteria- $34 or lower
Stop Loss Criteria- $38.6
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Make Or Break For Shake ShackThis stock was largely pumped up for a major exchange stock. It is a foody but if we take GoPro for example sitting on 300m cash in 2014, this guy is seriously over cooked. $16 a share feels right for me. The company just spent $32m on equipment, raised revenue but raised cost too. Now they sit with an $8m loss for 2015. Not good...
Could this be heading lower?
$SHAK #Profitfromprices Shake Shack- time to buy with a SLShake Shack $SHAK seems to have an interesting pattern. It has broken up the trend line. It went above 40 and has come back to rest on the same line from above. I am buying around $35 with a $2 risk. Chances are it will be a higher top, probably around $45!
SHAK at a cross roadsSHAK has been moving steadily downward in a wedge pattern since the stock hit a high in May 2015. Although the price movements may ignore this wedge in the future and continue to trade in a limited range, there is a possibility we have a breakout to the upside or downside. That breakout, if sustained, will likely set the medium term direction of the stock.
SHAK bearish entry This gap today shook out some bullish traders. Hourly chart looks "fantastic". R:R is good. Let's see what happens. SHAK is notoriously hard to short (FYI)
We have exited our bullish swing trade already (before earnings) for a profit.
Long SHAK on Strong Divergence and TL Break at S/R ZoneAn hourly close above the 7-week-long bearish trendline provides a great opportunity to go long SHAK, which has made a strong bullish move at its daily support zone. With low float, high volume, and an appearance on Friday's Top Gainers for many popular signal services, there is a high probability of more bullish movement in the upcoming weeks.
Enter on any short-term pullbacks. Minor resistance area below the unhit monthly pivot for July provides a nice target. SL should be placed below daily support area.
A quick bite to eat on SHAK?Nice one white solider on SHAK on the daily. :-) Double bottom on the hourly..
Let's see what happens and if we can get a good quick swing trade on this one to pay for a milk shake or two!
