SHAK trade ideas
the SHAK short...CAllled it short back in May ..as a cool hype runner IPO short play..worked out if you caught it. Where is goes from here,,who cares the play is over. Nice GMMA action all the way down....
$SHAK DailyLooking to get into a SHORT position via PUTS in this if we get that pop near 36...Looking for a big break below 30 (52 week low)
SHAK insider salesSHAK insider sales 31M usd
Dec 11-16
To entry wait until pull back finish or wait price breakout fibo 127.2% @38.04 usd.
First target to take profit - fibo 161.8% or let profit run until bearish candle appear.
Stop loss when price close over 38.90 usd
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.
Strong ER Will Send This $60 within a few sessionsThis is not a buy recommendation but if you are in from recent note, the chance it moves toward $60 increases now, but a miss will punish towards $38.65 area. If u are long hedge your position with put options or if you short with call options which is very expensive. Market expects a move after earning either side 10%. Real-time alerts www.2waytrading.com
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.
SHAKSHAK beat earnings and raised guidance to 171M to 174M which will see stock gap and go...watch for run from here.
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!
