SHAK has completed a downward break from the neck that matched the distance from the head to the neckline.
The stock has now paused and will likely bounce up for the short term. I expect the target will at least reach the lower left shoulder neckline. The target should be reached in the next few months.
There is resistance at the red line which was defined early after the IPO.
Comments
tristan.rhodes
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Looks like I set my stop to close in this instance, but I got the bounce I was looking for!