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 trade ideas
$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!
