$SHAK Shake Shack on the Menu
RSI in strong uptrend and room to run
MACD reversing again bullishly
Volume increasing
A break above trend-line could bring a rally to $66-$69
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SHAK trade ideas
SHAK looks good an entry if it can break above $57Long position possible, I see SHAK above $60 before next ER
$SHAK Breakout OpportunityOpportunity to enter on a long position on breakout from the consolidation area.
Projected $SHAK moveThis is a long play for SHAK which was in the midst of a bullish cup & handle continuation pattern right before the market meltdown.
The projected move is a melt up from this support level to the 38.2% fib and then the 50% fib line by July/August.
Wall Street loves growth with low to no debt. I'm already positioned from the low with $100 leap calls expiring Jan 2022
$SHAK Shake Shack up After-hours
Any glimmer of hope that the consumer can get out spending has sent the stock up after hours.
Lets see what the Governors have to say tomorrow.
$SHAK on Potential BouncePotential bounce as it forms double bottom pattern while also sitting at 30 level as its historical support. Initial target could be at 38.20% of the reverse fibonacci.
Ah geez dude!In $shak pure lotto puts at 2/28/2020 58$ for .46$ each.
Director sell many stock amid pandemic, very bad man!
Nuke it vertically.
SHAKE SHACK INC (SHAK) - GAP-FILL PLAYSHAK
Monthly, Weekly, and Daily Charts are all bullish. Prices are above moving averages on monthly and weekly chart. Waiting for prices to take over 200 Day moving average to enter.
Entry: at $75
Profit Taking: around $83 (around 11%)
Stop Loss: at $71.83 (the supporting line)
Caution: SHAK has high short interest therefore higher risk.
Good luck to all!
Shake Shack Inc Trade setup
Next trade setup into the gap fill.
Target price $82.64
Stop loss $74.25
Alert set for $75.90
Shake Shack Breakout trade $shak
Possible entry level $74.75 on break above 200day MA
Target price $82.87 to gap fill
Stop loss $71.55 below breakout level/daily support
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Trade Journal: Long SHAK - 2/6/2020I love this Cup & Handle pattern going on in SHAK. There is a clear level of resistance at around 71.50s and a possible gap fill all the way to 80.00. There are some nice accumulation patterns at this bottom and SHAK is looking strong. 18% short interest on finviz so potential short squeeze up here. Shorts will probably have stop losses in the 73 area.
Entry - 71.76
Stop loss - 70.10
Target - 80.00
