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Unraveller

SHAK consolidating for a breakout and rally leading to ER

Long
Shake Shack, Inc. (NYSE:SHAK)  
Unraveller  
NYSE:SHAK   Shake Shack, Inc.
Trend Analysis Chart Patterns Technical Indicators
7
0
trendanalysis chartpattern indicator
$SHAK seems to have found it's bottom and is steadily consolidating in 57-60 range for some time now. Weak hands are selling now but there is heavy accumulation in the stock if you observe a shorter timeframe. WIth ER in March and a big gap to fill, expecting this to break out any day now. 62.5 is resistance so once it breaks this test, we can expect it to rally with good volume leading to ER.
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