SHAK trade ideas
They make great burgers and the dip is fud.TA wise looks like a good buy area. Perhaps we chuck out lower lows with bullish div on oscillators and wait for that. But this is hardly a crumbling company. It exceeded earnings in recent reports and is expanding rapidly.
The distance from the MAs price wise looks particularly tasty and nearing the 618 area. Looks ripe for some upisdes from here in next few months/weeks/days/hours
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 No real appetite for Shake Shack On request to look at WORK, we believe it remains in they hands of they BEARS. The valuation is now a issue for investors who see better value elsewhere, we have detailed on the chart a few signal that should be looked for before considering a long entry. Any market weakness we could see a final; capitulation in the stock.
15% short interest.
P/E ratio 98
Company profile
Shake Shack, Inc. is a holding company, which engages in operating fast food hamburger restaurants. It offers angus beef burgers and flat-top dogs, cage-free chicken, spun-fresh frozen custard, crinkle cut fries, craft beer, and wine. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.
Shake shackLooks like a primary 3 wave is done and we're in almost end of 4 wave correction. Could correct a little more, but looking to buy calls for that 5 wave.
just showing possible trend never mind exact targets.
But could correct longer if this entire abc wave down is a larger A wave down. then b, c would be next but just watching for now...
3 day rule not working?"The 3 day rule" works as we know. Here however we have a case that stock has dropped 4 days in a row.
SHAK dump and bounce upFair value is about $73 right now anyway - So it's a great deal at the overnight trading level. A lot of people will sell off and it will drop to the 60s only to be bounce back up to the 70's and eventually (1 month out?) get into the channel again where we left off on 11/4. Will be a great buying opportunity this morning.
Obviously, this is not advice, just my analysis.
SHAK - DAILY CHARTHi, today we are going to talk about SHAK
We observe a D1, some important points. The details are highlighted above.
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$SHAK Trade the volatility in Shake Shack.Entry level $83.30 = Target price $93.50 = stop loss $80.25
After a 23% selloff in the last 2 months it may be the right time to start nibbling at SHAK prior to its earnings report today after the close.
Indicators look like moving higher, but this is a risky trade to enter given the volatility of the stock around earnings.
162 P/E ratio very high, but accepted in high growth companies.
Short interest of 17.55% could ignite a rally.
Company profile
Shake Shack, Inc. is a holding company, which engages in operating fast food hamburger restaurants. It offers angus beef burgers and flat-top dogs, cage-free chicken, spun-fresh frozen custard, crinkle cut fries, craft beer, and wine. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.
Watch out for the SHAK attackThis is a pivotal moment for SHAK.
Testing LT trend lines and beginning to level out to (hopefully) consolidate before taking it's next leg higher.
Low volume is concerning though.
Fundamentally this is a fantastic company from an outsiders perspective....operating efficiencies on point, decent quality products, large retail presence in key markets- I guess earnings will be the real test.
Should it hold this trend line at $92ish - targeting previous highs of $104 before moving to $109
$SHAK 2019 is the year of the burgerWill start watching this as a short Not ready yet but going to start looking
Could we have a short hiding in Shake Shack?All the details are on the video! don't hesitate to let me know what you think :)
Reversion back to long term trend lineHuge spike off of earnings. They were positive but not that positive the stock deserved a 25% rally in 2 weeks. Still trading at 154 x F/PE.Hit its long term resistance at the $100, momentum in lost and looks to be rounding down. Could see a big reversion to its long term trend line.
Shake Shack Update #2 $100.00 a Share/ On Target !Shake Shack, one of the absolute strongest stocks
in the stock market continues this week on it's explosive breakout
move towards $100.00 a share.
I recommended this stock last weekend to you,
when it was $89.00
It should be disclosed that I own this stock
and follow it on a 1 minute chart throughout the trading day.
I can tell you is that this stock is under massive accumulation.
as the companies earning show explosive upside potential
Get this, SHAK Daily RSI right now is 79.86, and rising !
When a stock is this strong, you simply scale in, and go along for the ride.
Again, my technical target for Shake Shack is $100 a share.
If the stock breaks above par or $100.00 a share,
there is no known resistance from there, at this time.
Moon shot ? Perhaps.
.
SHAK Last 97.55
THE_UNWIND
8/16/19
NEW YORK
Please Note :
None of this is trading advise per website protocol.
Do your own homework. Investing is risk management
Know your own risk parameters, at all times, before you invest.
