Before 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.