nice breakout SHAKTight consolidation after ER massive move. 70-80 in a month, 90-100 possible by EOY
0L5R trade ideas
SHAKE SHACK ... YUMMYI was hungry and hungry of speculation. look at that shake shack how is rising. after the initial over speculation it plummet at the ground like a big mac gone bad.
After the break out of the broadening channel it fall again in to the channel to come out again. For me it is a sign of streng. If you look good you can see a sort of inverse head and shoulder formation or the last leg of a bearish harmonic . Now it could be in a ascending wedge. If it break the second red line it has good possibility to test the top of the rising wedge before come back to the bottom.
RSI enter in acceleration buy level and it has space to grow up.
YUMMY
A Long Setup In $SHAK Here & NowBefore I enter a long position, I like to have at least two signals of confirmation. In the case of $SHAK we see price coming into a Fibonacci Retracement Level which coincides with the VPOC (Volume Point of Control) for the time frame in question. This is what we call an area or zone of confluence and is the area where I will take a shot at a long 10/10 times. It is easy to manage and I like the risk reward.
www.omahacharts.com
SHAK: Play the rebound off SMA 200SHAK sold off hard last week notwithstanding improving numbers (revenues +31%)
It is currently rebounding on the SMA200 support, which has proved resilient so far.
The SMA 200 support level also corresponds to the medium term support line (Aug 2017 to date).
Finally, the daily candle today (hammer) comes as an added confirmation of potential rebound.
I would buy the shares here and target the SMA 100 at $40/share, with a stop-loss at 36 --> Reward/Risk = 2.25.
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.
Shak - breakoutThe EW count is pretty dubious but this stock is still showing life as it posts a breakout here. Reckon it might still have some room to run up before any serious correction.
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 - Trend reversal setting upLooks like the multi year support holds again. Should see a spike to multi year resistance at $40ish. I like the risk reward here. Im long.
SHAK's channelSHAK is moving in a range between 31 and 39, at this moment is in the support of this range with a possible double bottom. There is apossible that SHAK will keep in this range.
KL: 31.50
SL: 30.80
TP1: 35.00
TP2: 39
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.)
SHAK long if they beat earnings this week and we break that trend support i think we can move higher
SHAK double bottomShak has just completed an early double bottom, could move back up to the 200 dma or higher to last pivot, not a bad risk reward for a quick trip
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 is nearing 2016 low prints. A good long-term buy?Technically Speaking
Quite a fall from the IPO run in 2015. Technically, it really is simple. It will either hold these lows, or it won't. It will most likely take some upside surprises to get this stock going again. I remember this company when it went public. Almost nobody had any doubts this would be a huge success and guess what it might be one day. Unfortunately, the economic reality hit this stock hard, relative to expectations.
One thing I have learned over the years is these types of companies, that are super hyped, and this was, tend to always disappoint. Rinse, repeat.
Fundamentals
Here is a company summary.
What to do?
For me, this is more of a "do you believe this company is viable and has room to grow vs expectations". I don't have any insights into the fast casual space, maybe you guys do. It feels d/f from when Chipotle made its run. Back then, fast casual was kinda new and not as many competitors, but I could be wrong.
$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!
